The Illusion Of Skill Is Not Only

Managers Think Of Themselves As Captains Of A Ship On A Stormy Sea. Risk For Them Is Danger, But They Are Fighting It, Very Controlled.

People Assign Much Higher Probability To The Truth Of Their Opinions Than Is Warranted.

Banks Are Run By Executives, And Executives Protect Themselves, And That Does Not Always Mean That Banks Are Going To Behave Rationally.

There Is General Agreement Among Researchers That Nearly All Stock Pickers, Whether They Know It Or Not-and Few Of Them Do-are Playing A Game Of Chance.

To Better Avoid Errors, You Should Talk To People Who Disagree With You And You Should Talk To People Who Are Not In The Same Emotional Situation You Are.