I could end the deficit in 5 minutes. You just pass a law that says that anytime there is a deficit of more than 3% of GDP all sitting members of congress are ineligible for reelection.
— Warren Buffett
John Caudwell, serial entrepreneur and founder of the Phones 4U chain of shops, told the Radio 4 programme: “I think it’s a bit of an indictment of the British public that they think they [footballers] should be the best paid of all members of society.
suggested that average people hold cognitive biases in three key areas: a) viewing themselves in unrealistically positive terms; b) believing they have more control over their environment than they actually do; and c) holding views about the future that are more positive than the evidence can justify. The typical person, it seems, depends on these happy delusions for the self-esteem needed to function through a normal day. It’s when the fantasies start to unravel that problems arise.