Curiosity Chronicle 3 Reasons to "Sell" in Life
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May 9, 2025 Discover the art of knowing when to 'sell' in life, inspired by investment strategies. The discussion covers three pivotal reasons to let go of stocks—and how they translate to personal decisions and relationships. Gain insights from a seasoned investor's perspective while exploring what it truly means to live a wealthy life beyond just finances. It's a blend of practical advice and thought-provoking ideas that encourage listeners to rethink their approach to both investments and personal growth.
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Three Reasons to Sell
- Sell when you are wrong about the investment or new evidence refutes your original thesis.
- Also, sell if you've been paid too well or if the opportunity cost of holding is too high.
Sell Anything with Logic
- The three reasons to sell stocks apply broadly to life decisions like jobs and relationships.
- Recognizing when to sell requires separating emotions from decisions to avoid sticking with something too long.
Recognize When You're Wrong
- Recognize when you were wrong or new information invalidates your original belief.
- Learn to separate emotions from decision-making to act rationally and avoid costly mistakes.
