We Are Far Too Willing

Poverty Is Clearly One Source Of Emotional Suffering, But There Are Others, Like Loneliness. A Policy To Reduce The Loneliness Of The Elderly Would Certainly Reduce Suffering.

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.

The Idea That The Future Is Unpredictable Is Undermined Every Day By The Ease With Which The Past Is Explained.

Although Professionals Are Able To Extract A Considerable Amount Of Wealth From Amateurs, Few Stock Pickers, If Any, Have The Skill Needed To Beat The Market Consistently, Year After Year.

One Thing We Have Lost, That We Had In The Past, Is A Sense Of Progress, That Things Are Getting Better. There Is A Sense Of Volatility, But Not Of Progress.