Quote of the day by Daniel Kahneman: “An investment said to have an 80% chance of success sounds far more attractive than one with a 20% chance of failure. The mind can’t easily recognise that they are the same.”

Daniel Kahneman explains how framing bias distorts investment decisions, making identical probabilities appear different depending on presentation. Investors often react to positive or negative wording rather than actual risk. Recognising this cognitive trap and reframing information objectively can lead to clearer judgment, rational decisions and better long-term outcomes.