The Premise Of This Book

Lucky Risk Takers Use Hindsight To Reinforce Their Feeling That Their Gut Is Very Wise. Hindsight Also Reinforces Others' Trust In That Individual's Gut.

When Everybody In A Group Is Susceptible To Similar Biases, Groups Are Inferior To Individuals, Because Groups Tend To Be More Extreme Than Individuals.

This Is The Essence Of Intuitive Heuristics: When Faced With A Difficult Question, We Often Answer An Easier One Instead, Usually Without Noticing The Substitution.

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.

Odd As It May Seem, I Am My Remembering Self, And The Experiencing Self, Who Does My Living, Is Like A Stranger To Me.