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

Adaptation seems to be, to a substantial extent, a process of reallocating your attention.

Overconfidence is a powerful source of illusions, primarily determined by the quality and coherence of the story that you can construct, not by its validity.

Unfortunately, skill in evaluating the business prospects of a firm is not sufficient for successful stock trading, where the key question is whether the information about the firm is already incorporated in the price of the stock. Traders apparently lackthe skill to answer this crucial question, but they appear to be ignorant of their ignorance.

Hindsight bias makes surprises vanish.

There are some conditions where you have to trust your intuition.

When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.