Mental Effort, I Would Argue, Is Relatively

The Illusion Of Skill Is Not Only An Individual Aberration; It Is Deeply Ingrained In The Culture Of The [investment Management] Industry.

Optimism Is Normal, But Some Fortunate People Are More Optimistic Than The Rest Of Us. If You Are Genetically Endowed With An Optimistic Bias, You Hardly Need To Be Told That You Are A Lucky Person - You Already Feel Fortunate.

We Deeply Want To Be Led By People Who Know What They're Doing And Who Don't Have To Think About It Too Much.

We Don't See Very Far In The Future, We Are Very Focused On One Idea At A Time, One Problem At A Time, And All These Are Incompatible With Rationality As Economic Theory Assumes It.

People Like Leaders Who Look Like They Are Dominant, Optimistic, Friendly To Their Friends, And Quick On The Trigger When It Comes To Enemies. They Like Boldness And Despise The Appearance Of Timidity And Protracted Doubt.