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Richard Thaler Quotes: I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good wine a decade from now is limited.
         

I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good wine a decade from now is limited.


Richard Thaler
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Other quotes of Richard Thaler


When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.

When an economist says the evidence is "mixed," he or she means that theory says one thing and data says the opposite.



My mantra is if you want to help people accomplish some goal, make it easy.

My mantra is if you want to help people accomplish some goal, make it easy.



There's no reason to think that markets always drive people to what's good for them.

There's no reason to think that markets always drive people to what's good for them.



People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.

People exaggerate their own skills. they are optimistic about their prospects and overconfident about their guesses, including which managers to pick.



Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.

Recall that people like to do what most people think it is right to do; recall too that people like to do what most people actually do.



The lesson from behavioral economics is that people only save if it's automatic.

The lesson from behavioral economics is that people only save if it's automatic.



So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.

So, what's a nudge? A nudge is some small feature of the environment that attracts our attention and alters our behavior.



Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.

Investors must keep in mind that there's a difference between a good company and a good stock. After all, you can buy a good car but pay too much for it.



A good rule of thumb is to assume that everything matters.

A good rule of thumb is to assume that everything matters.



There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.

There are cases when I can make myself better off by restricting my future choices and commit myself to a specific course of action.





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My only sin in this world has been that I have been truthful and honest and God has blessed me for this earthly sin.

My only sin in this world has been that I have been truthful and honest and God has blessed me for this earthly sin.



I’m not leaving you. Right here, right now is the happiest I’ve ever been. I love you. That means I don’t leave. Sorry.

I’m not leaving you. Right here, right now is the happiest I’ve ever been. I love you. That means I don’t leave. Sorry.



The loving are the daring.

The loving are the daring.



When I think of art I think of beauty. Beauty is the mystery of life. It is not in the eye it is in the mind. In our minds there is awareness of perfection.

When I think of art I think of beauty. Beauty is the mystery of life. It is not in the eye it is in the mind. In our minds there is awareness of perfection.



I will die. The person who succeeds me will also have to die. But elections, you won't have.

I will die. The person who succeeds me will also have to die. But elections, you won't have.



In order to make friends you must first be friendly

In order to make friends you must first be friendly



I want to speak for people that may not feel like they're being spoken for at the moment. And I want to make a connection between the world around us and the charts.

I want to speak for people that may not feel like they're being spoken for at the moment. And I want to make a connection between the world around us and the charts.



We're going to keep building the party until we're hunting Democrats with dogs.

We're going to keep building the party until we're hunting Democrats with dogs.



I take the paraglider to the mountain or I roll Daisy out of her hangar and I pick the prettiest part of the sky and I melt into the wing and then into the air, till I'm just soul on a sunbeam.

I take the paraglider to the mountain or I roll Daisy out of her hangar and I pick the prettiest part of the sky and I melt into the wing and then into the air, till I'm just soul on a sunbeam.



That's a very important thing in life, to be really looked upon for the qualities which you hold in yourself and not all of superficiality.

That's a very important thing in life, to be really looked upon for the qualities which you hold in yourself and not all of superficiality.




Quote Description


This page presents the quote "I don't go by the ratings. I buy wine that tastes good. Statistically, anybody's ability to predict what will be a good wine a decade from now is limited.". Author of this quote is Richard Thaler. This quote is about taste, good wine, wine, rating, ability,.