Daniel Kahneman Ideas Quotations

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.

If owning stocks is a long-term project for you, following their changes constantly is a very, very bad idea. It's the worst possible thing you can do, because people are so sensitive to short-term losses. If you count your money every day, you'll be miserable.

If there is time to reflect, slowing down is likely to be a good idea.

We don't see very far in the future, we are very focused on one idea at a time, one problem at a time, and all these are incompatible with rationality as economic theory assumes it.

Many ideas happen to us. We have intuition, we have feeling, we have emotion, all of that happens, we don't decide to do it. We don't control it.

In a rising market, enough of your bad ideas will pay off so that you'll never learn that you should have fewer ideas.

The idea that you can ask one question and it makes the point - well, that wasn't how psychology was done at the time.

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

I don't try to be clever at all. The idea that I could see what no one else can is an illusion.

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