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

Experienced happiness refers to your feelings, to how happy you are as you live your life. In contrast, the satisfaction of the remembering self refers to your feelings when you think about your life.

We are often confident even when we are wrong, and an objective observer is more likely to detect our errors than we are.

Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed.

A general “law of least effort” applies to cognitive as well as physical exertion. The law asserts that if there are several ways of achieving the same goal, people will eventually gravitate to the least demanding course of action. In the economy of action, effort is a cost, and the acquisition of skill is driven by the balance of benefits and costs. Laziness is built deep into our nature.

The average investor's return is significantly lower than market indices due primarily to market timing.

It's a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient.