It was always assumed I would be a professor. I grew up thinking it.

you know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious.

Alternative descriptions of the same reality evoke different emotions and different associations.

We're generally overconfident in our opinions and our impressions and judgments.

Ten minutes of a smartphone in front of your nose is about the equivalent of an hour long walk in bright daylight. Imagine going for an hour long walk in bright daylight and then thinking, "Now I'll get some sleep." It ain't going to happen.

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

Experts don't know exactly where the boundaries of their expertise are.