I don't try to be clever at all. The idea that I could see what no one else can is an illusion.
Daniel KahnemanDivorced women, compared to married women, are less satisfied with their lives, which is not surprising. But they're actually more cheerful, when you look at the average mood they're in in the course of the day.
Daniel KahnemanThere is general agreement among researchers that nearly all stock pickers, whether they know it or not-and few of them do-are playing a game of chance.
Daniel KahnemanFinally, the illusions of validity and skill are supported by a powerful professional culture. We know that people can maintain an unshakeable faith in any proposition, however absurd, when they are sustained by a community of like-minded believers. Given the professional culture of the financial community, it is not surprising that large numbers of individuals in that world believe themselves to be among the chosen few who can do what they believe others cannot.
Daniel Kahneman