Although professionals are able to extract a considerable amount of wealth from amateurs, few stock pickers, if any, have the skill needed to beat the market consistently, year after year.

Alternative descriptions of the same reality evoke different emotions and different associations.

When people think of the outcomes of their decisions, they think much more short term than that. They think in terms of gains and losses.

The premise of this book is that it is easier to recognize other people's mistakes than your own.

We have associations to things. We have, you know, we have associations to tables and to - and to dogs and to cats and to Harvard professors, and that's the way the mind works. It's an association machine.

Ten minutes of a smartphone in front of your nose is about the equivalent of an hour long walk in bright daylight. Imagine going for an hour long walk in bright daylight and then thinking, "Now I'll get some sleep." It ain't going to happen.

Through some combination of culture and biology, our minds are intuitively receptive to religion.