One Of The Major Biases

We Can't Live In A State Of Perpetual Doubt, So We Make Up The Best Story Possible And We Live As If The Story Were True.

All Of Us Roughly Know What Memory Is. I Mean, Memory Is Sort Of The Storage Of The Past. It's The Storage Of Our Personal Experiences. It's A Very Big Deal.

You Know, The Standard State For People Is 'mildly Pleasant.' Negative Emotions Are Quite Rare, And Extremely Positive Emotions Are Rare. But People Are Mildly Pleased Most Of The Time, They're Mildly Tired A Lot Of The Time, And They Wish They Were Somewhere Else A Substantial Part Of The Time - But Mostly They're Mildly Pleased.

There's A Tendency To Look At Investments In Isolation. Investors Focus On The Risk Of Individual Securities.

The Experiencing Self Lives Its Life Continuously. It Has Moments Of Experience, One After The Other.