People Just Hate The Idea Of Losing.

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.

Happiness Is Determined By Factors Like Your Health, Your Family Relationships And Friendships, And Above All By Feeling That You Are In Control Of How You Spend Your Time.

We Are Often Confident Even When We Are Wrong, And An Objective Observer Is More Likely To Detect Our Errors Than We Are.

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.

It Is The Consistency Of The Information That Matters For A Good Story, Not Its Completeness. Indeed, You Will Often Find That Knowing Little Makes It Easier To Fit Everything You Know Into A Coherent Pattern.