If you care about being thought credible and intelligent, do not use complex language where simpler language will do.

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

When people believe a conclusion is true, they are also very likely to believe arguments that appear to support it, even when these arguments are unsound.

Endlessly amused by people's minds.

You're surprised by something, but you don't really know what surprised you; you recognize someone, but you don't really know what cues cause you to recognize that person.

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

Economists think about what people ought to do. Psychologists watch what they actually do.