Daniel Kahneman on sidestepping investment blunders

Advisers have a therapeutic and educational role. But I do not believe that advisers are able to give tips on the markets, which are highly irregular and unpredictable. Very few people can do that… Everybody has a sense that they know things. We keep making up stories of the world and people strongly believe those stories. But there are circumstances where you shouldn’t trust your intuition too much.