The Disposition to Sell Winners Too Early and Ride Losers Too Long (Shefrin & Statman, 1985) on “Stuff I Revisit”, a list by Marco Aldeanueva on TheLysts.
Details
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Topic
Investors lock in gains and cling to losers because of mental accounting and loss aversion.
My take
Reads like a diary of my first year with a brokerage account. Verdict: buy and then stick it on your monitor.