If you're going to be unreligious, it's likely going to be due to reflecting on it and finding some things that are hard to believe.

When you look at the books about well-being, you see one word - it's happiness. People do not distinguish.

There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.

People tend to assess the relative importance of issues by the ease with which they are retrieved from memory—and this is largely determined by the extent of coverage in the media. Frequently mentioned topics populate the mind even as others slip away from awareness. In turn, what the media choose to report corresponds to their view of what is currently on the public’s mind. It is no accident that authoritarian regimes exert substantial pressure on independent media. Because public interest is most easily aroused by dramatic events and by celebrities, media feeding frenzies are common

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

Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less successful firms. In the presence of randomness, regular patterns can only be mirages.

When you are under time pressure for a decision, you need to follow intuition.