Laziness Is Built Deep Into Our Nature.

You Should Expect Little Or Nothing From Wall Street Stock Pickers Who Hope To Be More Accurate Than The Market In Predicting The Future Of Prices. And You Should Not Expect Much From Pundits Making Long-term Forecasts.

The Average Investor's Return Is Significantly Lower Than Market Indices Due Primarily To Market Timing.

Facts That Challenge Basic Assumptions-and Thereby Threaten People's Livelihood And Self-esteem-are Simply Not Absorbed. The Mind Does Not Digest Them.

Except For Some Effects That I Attribute Mostly To Age, My Intuitive Thinking Is Just As Prone To Overconfidence, Extreme Predictions, And The Planning Fallacy As It Was Before I Made A Study Of These Issues.

Being Wealthy Is Often A Powerful Predictor That People Spend Less Time Doing Pleasurable Things And More Time Doing Compulsory Things And Feeling Stressed.