Individual investors predictably flock to stocks in companies that are in the news.

Optimistic people play a disproportionate role in shaping our lives. Their decisions make a difference; they are inventors, entrepreneurs, political and military leaders - not average people. They got to where they are by seeking challenges and taking risks.

Our memory tells us stories, that is, what we get to keep from our experiences is a story.

We can be blind to the obvious, and we are also blind to our blindness.

Lucky risk takers use hindsight to reinforce their feeling that their gut is very wise. Hindsight also reinforces others' trust in that individual's gut.

To better avoid errors, you should talk to people who disagree with you and you should talk to people who are not in the same emotional situation you are.

We can't live in a state of perpetual doubt, so we make up the best story possible and we live as if the story were true.