Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.

There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

I think one lesson we have to learn is that there's a lot more risk than we're giving credit to, a lot more what economist calls systematic risk.

The lesson from behavioral economics is that people only save if it's automatic.

It turns out, that men, when they're taking care of their business, they're not fully attending to the task at hand, but, I'm sure there's an evolutionary explanation for this, if you give them a target, they will aim.