The Economic Times

Wealth Quote of the Day by Daniel Kahneman, Nothing in finance is more fatuous than the notion that ..... Why the Nobel-winning psychologist saw hidden market edges and human bias as keys to smarter wealth

Wealth Quote of the Day by Daniel Kahneman, Nothing in finance is more fatuous than the notion that you can be starting on a level playing field. Daniel Kahneman, the 2002 Nobel laureate who died in 2024, transformed how we view money. His level playing field quote exposes the $50 trillion market's hidden imbalances. Research shows retail traders lose 80% of the time, not due to effort, but because of oise and institutional edges. By mastering prospect theory and loss aversion, investors can fix the 2:1 psychological bias that ruins long-term wealth compounding.