Divorced Women, Compared To Married Women, Are

I Would Be Wary Of Experts' Intuition, Except When They Deal With Something That They Have Dealt With A Lot In The Past.

Finally, The Illusions Of Validity And Skill Are Supported By A Powerful Professional Culture. We Know That People Can Maintain An Unshakeable Faith In Any Proposition, However Absurd, When They Are Sustained By A Community Of Like-minded Believers. Given The Professional Culture Of The Financial Community, It Is Not Surprising That Large Numbers Of Individuals In That World Believe Themselves To Be Among The Chosen Few Who Can Do What They Believe Others Cannot.

Many People Will Admit That They Made A Mistake [putting Money In Dot-coms Or Telecoms At Their Peak] But That Doesn’t Mean That They’ve Changed Their Mind About Anything In Particular. It Doesn’t Mean That They Are Now Able To Avoid That Mistake.

We Are Prone To Overestimate How Much We Understand About The World And To Underestimate The Role Of Chance In Events.

The Effort Invested In 'getting It Right' Should Be Commensurate With The Importance Of The Decision.