Daniel Kahneman passed away today He changed the world of behavioral finance Here are 10 things I learned from his book Thinking Fast and Slow as a way to say thank you:
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1️⃣ Our brain uses two systems: System 1 and System 2 System 1 is fast, intuitive and automatic. It is prone to biases and errors such as overconfidence. System 2 is slow, analytical, and deliberate. It is necessary for complex tasks requiring focused attention.