Posted inEducation

Verified Quote

A general limitation of the human mind is its imperfect ability to reconstruct past states of knowledge - Daniel Kahneman
We're terrible at remembering what we used to think or know before we learned something new. Our brain constantly rewrites history to make our past selves seem smarter.
Nothing in life is as important as you Meaning Factcheck Usage
Posted inLife

Verified Quote

Nothing in life is as important as you think it is when you are thinking about it - Daniel Kahneman
The core message is about the illusion of importance. Whatever has your full attention right now feels disproportionately massive, but that feeling is a cognitive distortion, not reality.
Posted inEducation

Quotes about Verified principles

We are prone to overestimate how much we understand about the world and to underestimate the role of chance - Daniel Kahneman
At its core, this quote is about two critical errors: our inflated sense of understanding and our blind spot for randomness. We think we know why things happen, but we're often just crafting a story after the fact.
What you see is all there is Meaning Factcheck Usage
Posted inWisdom

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.
Posted inWisdom

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.
Posted inWisdom

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.
Posted inWisdom

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.