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Daniel Kahneman Quotes

The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you’re in academia or in the investment community, you’d better pay serious attention to them Picture Quote #1

Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled Picture Quote #1

Spend some effort in figuring out why each decision did or did not pan out. Doing that systematically is key: really try to question the way you make decisions, and improve it Picture Quote #1

When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals Picture Quote #1

Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception Picture Quote #1

You can always find an evolutionary quotation for anything. But the question is whether it’s functional, which is not the same as being evolutionary Picture Quote #1

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What happens with fear is that probability doesn’t matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant Picture Quote #1

We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive Picture Quote #1

A plan is only a scenario, and almost by definition, it is optimistic... As a result, scenario planning can lead to a serious underestimate of the risk of failure Picture Quote #1

It’s nonsense to say money doesn’t buy happiness, but people exaggerate the extent to which more money can buy more happiness Picture Quote #1

If people do not know what is going to make them better off or give them pleasure, then the idea that you can trust people to do what will give them pleasure becomes questionable Picture Quote #1

I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it Picture Quote #1

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People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel Picture Quote #1

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 Picture Quote #1

Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true Picture Quote #1

People have little idea, by and large, of the investment world. They are convinced they have an advantage Picture Quote #1

Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less successful firms. In the presence of randomness, regular patterns can only be mirages Picture Quote #1

I don’t try to be clever at all. The idea that I could see what no one else can is an illusion Picture Quote #1

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The premise of this book is that it is easier to recognize other people’s mistakes than your own Picture Quote #1

You know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious Picture Quote #1

The evidence is unequivocal, there’s a great deal more luck than skill in people getting very rich Picture Quote #1

Nothing in life is quite as important as you think it is while you’re thinking about it Picture Quote #1

It’s a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient Picture Quote #1

Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales Picture Quote #1

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So your emotional state really has a lot to do with what you’re thinking about and what you’re paying attention to Picture Quote #1

Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally Picture Quote #1

If you’re going to be unreligious, it’s likely going to be due to reflecting on it and finding some things that are hard to believe Picture Quote #1

In a rising market, enough of your bad ideas will pay off so that you’ll never learn that you should have fewer ideas Picture Quote #1

It doesn’t take many observations to think you’ve spotted a trend, and it’s probably not a trend at all Picture Quote #1

It’s very easy for trusted companies to mislead naive customers, and life insurance companies are trusted Picture Quote #1

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Friendship Quotes

Motivational Quotes

Inspirational Quotes

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Text Quotes

The brain scientists are the wave of the future in the financial world. If you seek to maximize understanding, whether you’re in academia or in the investment community, you’d better pay serious attention to them (Daniel Kahneman Quotes) Managers think of themselves as captains of a ship on a stormy sea. Risk for them is danger, but they are fighting it, very controlled (Daniel Kahneman Quotes) Spend some effort in figuring out why each decision did or did not pan out. Doing that systematically is key: really try to question the way you make decisions, and improve it (Daniel Kahneman Quotes) When everybody in a group is susceptible to similar biases, groups are inferior to individuals, because groups tend to be more extreme than individuals (Daniel Kahneman Quotes) Doubts are suppressed by groups... But remember that the internal incentives that shape how the group perceives risks and rewards may be very different from the reality of the risks and rewards in the external marketplace. Those incentives can distort risk perception (Daniel Kahneman Quotes) You can always find an evolutionary quotation for anything. But the question is whether it’s functional, which is not the same as being evolutionary (Daniel Kahneman Quotes) What happens with fear is that probability doesn’t matter very much. That is, once I have raised the possibility that something terrible can happen to your child, even though the possibility is remote, you may find it very difficult to think of anything else. Emotion becomes dominant (Daniel Kahneman Quotes) We associate leadership with decisiveness. That perception of leadership pushes people to make decisions fairly quickly, lest they be seen as dithering and indecisive (Daniel Kahneman Quotes) A plan is only a scenario, and almost by definition, it is optimistic... As a result, scenario planning can lead to a serious underestimate of the risk of failure (Daniel Kahneman Quotes) It’s nonsense to say money doesn’t buy happiness, but people exaggerate the extent to which more money can buy more happiness (Daniel Kahneman Quotes) If people do not know what is going to make them better off or give them pleasure, then the idea that you can trust people to do what will give them pleasure becomes questionable (Daniel Kahneman Quotes) I would not advise people to buy a car or house without making a list. You will probably improve your intuitions by making a list and then sleeping on it (Daniel Kahneman Quotes) People just hate the idea of losing. Any loss, even a small one, is just so terrible to contemplate that they compensate by buying insurance, including totally absurd policies like air travel (Daniel Kahneman Quotes) 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 (Daniel Kahneman Quotes) Some memories come with a very compelling sense of truth about them. And that happens to be the case even with memories that are not true (Daniel Kahneman Quotes) People have little idea, by and large, of the investment world. They are convinced they have an advantage (Daniel Kahneman Quotes) Knowing the importance of luck, you should be particularly suspicious when highly consistent patterns emerge from the comparison of successful and less successful firms. In the presence of randomness, regular patterns can only be mirages (Daniel Kahneman Quotes) I don’t try to be clever at all. The idea that I could see what no one else can is an illusion (Daniel Kahneman Quotes) The premise of this book is that it is easier to recognize other people’s mistakes than your own (Daniel Kahneman Quotes) You know you have made a theoretical advance when you can no longer reconstruct why you failed for so long to see the obvious (Daniel Kahneman Quotes) The evidence is unequivocal, there’s a great deal more luck than skill in people getting very rich (Daniel Kahneman Quotes) Nothing in life is quite as important as you think it is while you’re thinking about it (Daniel Kahneman Quotes) It’s a wonderful thing to be optimistic. It keeps you healthy and it keeps you resilient (Daniel Kahneman Quotes) Employers who violate rules of fairness are punished by reduced productivity, and merchants who follow unfair pricing policies can expect to lose sales (Daniel Kahneman Quotes) So your emotional state really has a lot to do with what you’re thinking about and what you’re paying attention to (Daniel Kahneman Quotes) Banks are run by executives, and executives protect themselves, and that does not always mean that banks are going to behave rationally (Daniel Kahneman Quotes) If you’re going to be unreligious, it’s likely going to be due to reflecting on it and finding some things that are hard to believe (Daniel Kahneman Quotes) In a rising market, enough of your bad ideas will pay off so that you’ll never learn that you should have fewer ideas (Daniel Kahneman Quotes) It doesn’t take many observations to think you’ve spotted a trend, and it’s probably not a trend at all (Daniel Kahneman Quotes) It’s very easy for trusted companies to mislead naive customers, and life insurance companies are trusted (Daniel Kahneman Quotes)

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