“The investment business has taught me – increasingly as the years have passed – that people, especially investors (and, I believe, Americans), prefer good news and wishful thinking to bad news; and that there are always vested interests to offer facile, optimistic alternatives to the bad news.” PeopleThinkingYearsBelieveI BelieveInterestTaughtOffersNewsInvestmentOptimisticAlternativesInvestorsGood NewsBad NewsWishful ThinkingVested Interests Author:Jeremy Grantham
“Theorems often tell us complex truths about the simple things, but only rarely tell us simple truths about the complex ones. To believe otherwise is wishful thinking or "mathematics envy."” ThinkingBelieveSimpleMathematicsComplexesEnvySimple ThingsWishful ThinkingTheoremsSimple Truths Author:Marvin Minsky