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Annie Duke on Knowing When to Quit
The Daily Stoic
You Don't Quit the Stock Market Portfolio
The more your identity is a attached to it, the more you have personally spent or been invested in it, the harder it is for you to walk away. It's not just, hey, you didn't quit this one thing. And that's a problem. You look at a stock market portfolio, like you could have all the positions that you're ahead in and then you could have the whole bottom half of your portfolio, the stuff that's in the red that you have refused to quit.
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