'You Need Grit to Quit' – Knowing When to Walk Away With Annie Duke
Stansberry Investor Hour
I'm Going to Hold Losers Sell Winners Problem, Right?
The problem with retail investors is that they don't sell from their portfolio rationally, just in a different way. They're selecting what to sell from the extreme winners and the extreme losers on their portfolio instead of looking across the whole portfolio. So even once you're really good at it, you're still not good at it. I mean, in the sense of you can overcome one problem, but other problems end up appearing.
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