I'm Not A Great Believer In Self-help.

I Would Not Advise People To Buy A Car Or House Without Making A List. You Will Probably Improve Your Intuitions By Making A List And Then Sleeping On It.

When People Think Of The Outcomes Of Their Decisions, They Think Much More Short Term Than That. They Think In Terms Of Gains And Losses.

Spend Some Effort In Figuring Out Why Each Decision Did Or Did Not Pan Out. Doing That Systematically Is Key: Really Try To Question The Way You Make Decisions, And Improve It.

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

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.