Daniel Kahneman Quotes

Everybody's got a different circle of competence. The important thing is not how big the circle is. The important thing is staying inside the circle.

You don’t have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.

An education isn't how much you have committed to memory, or even how much you know. It's being able to differentiate between what you know and what you don't.

Men honor what lies within the sphere of their knowledge, but do not realize how dependent they are on what lies beyond it.

No psychologist should pretend to understand what he does not understand... Only fools and charlatans know everything and understand nothing.

The most important thing in terms of your circle of competence is not how large the area of it is, but how well you've defined the perimeter.

The people I go after are the false experts, those who do not accept the limits of their knowledge.

You only know what you know.

You figure out what your standards are, and I think that's important.

The remarkable position in which we find ourselves is that we don't actually know what we actually know.

If man made himself the first object of study, he would see how incapable he is of going further. How can a part know the whole?

A man doesn't know what he knows until he knows what he doesn't know.

An intelligence test sometimes shows a man how smart he would have been not to have taken it.

I'm not a housing market expert, and I don't want to pretend to be one.

Distinguishing the signal from the noise requires both scientific knowledge and self-knowledge.

No Discourse whatsoever, can End in absolute Knowledge of Fact.

Even when the experts all agree, they may well be mistaken.

I've been very, very careful to tell people what I am qualified to talk about and what I'm not qualified to talk about.

There are places you should be and places you shouldn't, and situations you should not be getting yourself into. If you're turning up to games and not feeling right, that's when you've got to address the situation.

I strongly discourage any intellectuals, regardless of race, from speaking on matters for which they have limited or no expertise.

I think that is just a limitation of any questionnaire - that we apply a frame of reference or standard. It's a well-known finding in psychology that when people are total beginners at a skill, they tend to overrate their skill level. They don't know what they don't know. The more expert you are, the more critical you become.

I know what I know and I also know what I don't know, and I make sure I hire the right people who can teach me.

Whatever faults I may have, I do know a player.

The most important thing is knowing what you are good at.

For such is the nature of men, that howsoever they may acknowledge many others to be more witty, or more eloquent, or more learned, yet they will hardly believe there be many so wise as themselves, for they see their own wit at hand, and other men's at a distance. But this proveth rather that men are in that point equal, than unequal. For there is not ordinarily a greater sign of the equal distribution of any thing than that every man is contented with his share.