There 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.

I enjoy being active, but I look forward to the day when I can retire to the Internet.

Odd as it may seem, I am my remembering self, and the experiencing self, who does my living, is like a stranger to me.

Mood evidently affects the operation of System 1: when we are uncomfortable and unhappy, we lose touch with our intuition. These findings add to the growing evidence that good mood, intuition, creativity, gullibility, and increased reliance on System 1 form a cluster. At the other pole, sadness, vigilance, suspicion, an analytic approach, and increased effort also go together. A happy mood loosens the control of System 2 over performance: when in a good mood, people become more intuitive and more creative but also less vigilant and more prone to logical errors.

The idea that the future is unpredictable is undermined every day by the ease with which the past is explained.

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

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