Mind is a machine for jumping to conclusions

Divorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally.

A reliable way to make people believe in falsehoods is frequent repetition, because familiarity is not easily distinguished from truth. Authoritarian institutions and marketers have always known this fact.

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.

It's a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient.

The conclusion is straightforward : self-control requires attention and effort.