"Having a financial adviser enables the investor to carry a psychological call option. If the investment decision turns out well, the investor takes the credit, and if it turns out badly, the regret can be lowered by blaming the adviser."

-- Hersh Shefrin

#Regret Quotes #Decision Quotes #Credit Quotes

“Expect to feel pleasure. Knowledge is sexy. Expect to feel pain. Knowledge is torture.”

Source : Jeff Noon (2012). “Vurt”, p.80, Pan Macmillan
“The world belongs primarily to the dead, and we only rent it from them for a little while. They created it, they wrote its literature and its songs, and they are deeply invested in how children are treated, because the children are the ones who will keep it going. The idea that each of us has the right to change everything is a deep insult to them.”
“You cannot begin to preserve any species of animal unless you preserve the habitat in which it dwells. Disturb or destroy that habitat and you will exterminate the species as surely as if you had shot it. So conservation means that we have to preserve forest and grassland, river and lake, even the sea itself. This is vital not only for the preservation of animal life generally, but for the future existence of man himself-a point that seems to escape many people.”

Source : "Two in the Bush". Book by Gerald Durrell, 1966.
“It's one of those scenarios you feel will never happen to you. Nobody thinks they're going to be the one, whatever, to get in a car wreck to have their, you know, their kids killed in a plane crash, whatever, you don't think those things are going to happen to you. And I didn't think that I'd be traded. So.”
“Virtues consist not only of acting in certain ways, but in ways of caring and feeling.”
“We have become so quick and effective in building things today. It would be easy to build another Pyramid of Giza or another Great Wall. But these buildings haven't withstood the test of time because of their building quality. They stand tall because they have a symbolic value, they represent a culture.”
“Dichotomy = operation performed on lesbians to make them normal.”
“The hurt affects your ability to go forward.”

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