Author Topic: Thinking, Fast and Slow - Daniel Kahneman  (Read 12204 times)

oddballstocks

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #20 on: November 11, 2011, 12:47:50 PM »
This is the link I was talking about. http://www.nytimes.com/2011/10/23/magazine/dont-blink-the-hazards-of-confidence.html?pagewanted=all

Fascinating article. I have often observed that my favorite people after which to model my own behavior are those with loads of humility coupled with above average results. People with the sense to be humble are often the ones who learn / adapt most readily even when they are highly accomplished.

Humility is huge, probably the most underrated quality but one that plays the biggest factor in outcomes.  Often ego or pride will blind people to data or outcomes.

I wish humility would get more airtime, of course not many people actually strive for humility...
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ubuy2wron

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #21 on: April 26, 2012, 04:12:27 PM »
I am about half way through this gem of a book by Daniel Kahneman a Nobel Prize winner for economics. I rate it a must read for anyone who wants to understand why most individuals find the discipline of investing so gosh darn frustrating. We are mostly hard wired to make poor choices.
http://www.theglobeandmail.com/news/arts/books/thinking-fast-and-slow-by-daniel-kahneman/article2249529/
« Last Edit: April 28, 2012, 12:05:40 AM by Parsad »

rogermunibond

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #22 on: April 26, 2012, 06:30:22 PM »
My take from his book is that we were mostly wired to make fast choices in an environment and complexity level that changed dramatically from our evolutionary past to now.

ubuy2wron

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #23 on: April 27, 2012, 07:32:07 AM »
Roger As I said I am only half way through, but the fact that individuals let their type one thinking make so many decisions even the important ones explains , at least partially, why the value discipline can produce superior returns.

Liberty

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rogermunibond

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #25 on: April 27, 2012, 03:47:31 PM »
Ubuy - yes very much agree with you. My one caveat is that many of the simpler decisions we make in day to day life are the system I kind.   And by and large fast thinking serves us well there. But with our modern complex and more numerate world, system I fails us.

Spekulatius

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #26 on: April 25, 2018, 08:19:52 PM »
I listened to this book as an audiobook during my long weekend commutes. I think it is a fantastic read (or listen) abdndurectoy applicable to investing as well, even though it is mostly about how the human mind works. I highly recommend this book!
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boilermaker75

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #27 on: April 26, 2018, 04:47:25 AM »
I listened to this book as an audiobook during my long weekend commutes. I think it is a fantastic read (or listen) abdndurectoy applicable to investing as well, even though it is mostly about how the human mind works. I highly recommend this book!

It has been a while since I read it. It was great; I need to read it again. Maybe I will get the Kindle version this time so it is easy to generate notes.

Liberty

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Re: Thinking, Fast and Slow - Daniel Kahneman
« Reply #28 on: June 28, 2018, 10:47:22 AM »
https://www.standard.co.uk/lifestyle/london-life/the-thought-father-nobel-prize-winning-psychologist-daniel-kahneman-on-luck-9199162.html

Quote
As for Kahneman’s million-selling 2011 book, Thinking, Fast and Slow — the distillation of his life’s work, dedicated to Tversky, who died in 1996 — well, we count ourselves lucky that he wrote it at all. “I hated every minute of writing it and I didn’t like it when it was finished,” he complains. “So its success has been a great surprise to me.”
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Liberty

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