I used to hold a unitary view, in which I proposed that only experienced happiness matters, and that life satisfaction is a fallible estimate of true happiness.

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

An individual who expresses high confidence probably has a good story, which may or may not be true.

In essence, the optimistic style involves taking credit for successes but little blame for failures.

We are very influenced by completely automatic things that we have no control over, and we don't know we're doing it.

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.

Nothing in life is quite as important as you think it is while you're thinking about it.