The illusion of skill is not ...

The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.
The illusion of skill is not only an individual aberration; it is deeply ingrained in the culture of the [investment management] industry.
 Daniel Kahneman

More phrases

Courage - a perfect sensibility of the measure of danger, and a mental willingness to endure it.
 William Tecumseh Sherman
The same mentality that leads to environmental despoliation, environmental destruction, also leads to damage to people.
 Naomi Oreskes
You can't break poor people mentality. Once you grow up poor, you don't take anything for granted. It can have the negative side also because you can never truly be relaxed.
 Will Smith
The man with the average mentality, but with control, with a definite goal, and a clear conception of how it can be gained, and above all, with the power of application and labor, wins in the end.
 William Howard Taft
I think society had to grow up to the mentality of Peter Norman.
 John Carlos

Quotes from the same author

We don’t choose between experiences, we choose between memories of experiences. Even when we think about the future, we don’t think of our future normally as experiences. We think of our future as anticipated memories.
 Daniel Kahneman
Below an income of ... $60,000 a year, people are unhappy, and they get progressively unhappier the poorer they get. Above that, we get an absolutely flat line. ... Money does not buy you experiential happiness, but lack of money certainly buys you misery.
 Daniel Kahneman
I have always believed that scientific research is another domain where a form of optimism is essential to success: I have yet to meet a successful scientist who lacks the ability to exaggerate the importance of what he or she is doing, and I believe that someone who lacks a delusional sense of significance will wilt in the face of repeated experiences of multiple small failures and rare successes, the fate of most researchers.
 Daniel Kahneman
Intelligence is not only the ability to reason; it is also the ability to find relevant material in memory and to deploy attention when needed.
 Daniel Kahneman
The illusion that we understand the past fosters overconfidence in our ability to predict the future.
 Daniel Kahneman