Investment wisdom

Business Insider recently published a great collection of investment wisdom. Some of my favorites:

• "If you're not confused, I don't think you understand."
• "Success is a lousy teacher," Bill Gates once said. "It seduces smart people into thinking they can't lose."
• I once asked Daniel Kahneman about a key to making better decisions. “You should talk to people who disagree with you and you should talk to people who are not in the same emotional situation you are,” he said. Try this before making your next investment decision.
• For many, a house is a large liability masquerading as a safe asset.
• "A person with a flexible schedule and average resources will be happier than a rich person who has everything except a flexible schedule. Step one in your search for happiness is to continually work toward having control of your schedule."