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

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

People who face a difficult question often answer an easier one instead, without realizing 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.

That's one of the real dangers of leader selection in many organizations: leaders are selected for overconfidence.

Poverty is clearly one source of emotional suffering, but there are others, like loneliness. A policy to reduce the loneliness of the elderly would certainly reduce suffering.

Some achieve a reputation for great successes when in fact all they have done is take chances that reasonable people wouldn't take.