The place of biographical data in contemporary psychology is discussed. Such notions as "life story", "character", "talent", "experience" are analyzed, and a conclusion is made that they all refer to biographical phenomena. Life, like ontogenesis, is a form of individual psychological development regulated by a personality's most integral formations - character, talent. Attention is given to the biographical experiences within which there take form some life-important, destiny determining decisions. It is argued by the author that the sphere of life expeciences must and can be scientifically studied, and that the biographical method is of special importance at that.