— Blaise Pascal
Tag: Human Behavior
The problem with people is that they’re only human
– Bill Watterson
People have a hard time letting go of their suffering. Out of a fear of the unknown, they prefer suffering that is familiar
— Thich Nhat Hanh
People are motivated by both self-interest and a yearning desire to lead a morally meaningful life
— David Brooks
Little is needed to make a wise man happy, but nothing can content a fool. That is why nearly all men are miserable
People have a recency bias (that overweights fresh events), an anchoring bias (that overweights past events) and a loss aversion bias (that makes people fear loss more than they desire gain). These biases won’t go away. They’re the result of millions of years of evolution. But once you identify them, you can overcome them personally and factor them into forecasts of market behavior.
— Jim Rickards