People have little idea, by and large, of the investment world. They are convinced they have an advantage.

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

People like leaders who look like they are dominant, optimistic, friendly to their friends, and quick on the trigger when it comes to enemies. They like boldness and despise the appearance of timidity and protracted doubt.

People have little idea, by and large, of the investment world. They are convinced they have an advantage.

Groups tend to be more extreme than individuals.

One thing we have lost, that we had in the past, is a sense of progress, that things are getting better. There is a sense of volatility, but not of progress.

Being wealthy is often a powerful predictor that people spend less time doing pleasurable things and more time doing compulsory things and feeling stressed.