Wednesday, August 17, 2005
Why Hold a Losing Fund
I think the investor psychology is more attuned to not wanting to sell the loser and watch it get better after the investor is out.
The investor doesn't want to double his error. The first was buying the wrong fund. the second was selling the wrong fund.
I think the investor psychology is more attuned to not wanting to sell the loser and watch it get better after the investor is out.
The investor doesn't want to double his error. The first was buying the wrong fund. the second was selling the wrong fund.
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