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Verified Quote

The idea that future is unpredictable is undermined every day by the ease with which the past is explained - Daniel Kahneman
Our powerful ability to explain the past tricks us into believing the future was always obvious and predictable, which it absolutely was not.
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Quotes about Verified principles

We are far too willing to reject the belief that much of what we see in life is random - Daniel Kahneman
At its core, this quote means we have a deep-seated aversion to chaos. Our brains are wired to find patterns and causes, even when none exist. We reject randomness because it feels like an admission of a lack of control.
What you see is all there is Meaning Factcheck Usage
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Quotes about Verified

What you see is all there is - Daniel Kahneman
At its core, WYSIATI means our minds are built to form coherent stories from whatever scraps of data are in front of us, right now, and we treat that limited view as the complete and total reality.
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Verified Quote

Optimism sounds like a sales pitch. Pessimism sounds like someone trying to help you - Morgan Housel
At its core, this quote is about the perceived credibility of different tones. It suggests we're wired to see unbridled optimism as having an ulterior motive, while we interpret pessimism as a form of protective, disinterested advice.
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Verified Quote

Your personal experiences with money make up maybe 0.00000001% of what’s happened in the world, but maybe 80% of how you think the world works - Morgan Housel
This quote perfectly captures the idea that our financial beliefs aren't based on objective data, but are overwhelmingly shaped by our own unique, and very limited, life experiences.
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Wise advice on Verified

Studying a specific person can be dangerous because we tend to study extreme examples — the billionaires, the CEOs, or the massive failures — and extreme examples are often the least applicable to other situations - Morgan Housel
This quote warns us that focusing on extreme outliers, whether massive successes or failures, gives us a distorted view of reality that is almost useless for our own lives.