After a crisis we tell ourselves we understand why it happened and maintain the illusion that the world is understandable. In fact, we should accept the world is incomprehensible much of the time.
Daniel KahnemanThere's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Daniel KahnemanOne emphasis of my research has been on the question of how people spend their time. Time is the ultimate finite resource, or course, so the question of how people spend it would seem to be important.
Daniel Kahneman