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Psychology Quotes

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Psychology Quotes

“If the only tool you have is a hammer, it's hard to eat spaghetti.”

“Investing is the intersection of economics and psychology. The analysis is actually the easy part. The economics, the valuation of the business isn't that hard. The psychology - how much do you buy, do you buy it at this price, do you wait for a lower price, what do you do when it looks like the world might end - those things are harder. Knowing whether you stand there, buy more, or whether something has legitimately gone wrong and you need to sell, those are harder things. That you learn with experience, by having the right psychological makeup.”

“How should the best parts of psychology and economics interrelate in an enlightened economist's mind?... I think that these behavioral economics...or economists are probably the ones that are bending them in the correct direction. I don't think it's going to be that hard to bend economics a little to accommodate what's right in psychology.”

“The possibility that stock value in aggregate can become irrationally high is contrary to the hard-form "efficient market" theory that many of you once learned as gospel from your mistaken professors of yore. Your mistaken professors were too much influenced by "rational man" models of human behavior from economics and too little by "foolish man" models from psychology and real-world experience.”

“It's always something that's going to be a part of me. It's the reason why I work so hard each and every day. It's the reason I come to work dedicated to become the best that I can be. Nothing's going to come easy in life, and I've learned a lot of lessons, some the hard way, and I think just the things that I've been through have helped mold me into the person I am and what (is in) my future and that's continuing to do things the right way.”