Thinking, Fast And Slow

Thinking, Fast And Slow by Daniel Kahneman was published in 2011 and has inspired people who are looking for spiritual upliftment, money management techniques, and financial literacy. In this megabestseller, world-renowned psychologist and Nobel Prize winner Daniel Kahneman takes you on a groundbreaking tour of the mind and explains the two systems that drive the way you think.

System 1 is quick, intuitive, and emotional, whereas System 2 is slower, more deliberate, and logical. The impact of overconfidence on corporate strategies, the difficulty of predicting what will make us happy in the future, and the profound effect of cognitive biases on everything from playing the stock market to planning our next vacation can all be understood only by understanding how the two systems shape our judgments and decisions.

Kahneman engages the reader in a lively discussion about how we think, revealing where we can and cannot trust our intuitions and how we can reap the benefits of slow thinking. He provides practical and illuminating insights into how we make decisions in both our professional and personal lives, as well as how we can use various techniques to avoid the mental blunders that frequently get us into trouble.

According to the author, the brain's general behavior is lazy, and it prevents people from using it to its full potential. In relation to financial freedom books, this book states that when people make financial decisions, they should put their emotions aside. According to the author, life is unpredictable, and people should have a clear vision of what they want. Thinking, Fast And Slow is exactly one of the best books on financial freedom and psychology to read.

Important Takeaways:

• The book discusses two systems that allow the brain to function and think (conscious and automatic).
• The author discusses how most people deceive themselves and cannot think clearly.
• It suggests that people examine their flaws. It is difficult, but it must be done.

Author: Daniel Kahneman

Link to buy: https://www.amazon.com/dp/0374533555?tag=wallstreetmoj-20&linkCode=ogi&th=1&psc=1