Thinking, Fast and Slow - Selling Winners Too Early and Keeping Losers For Too Long
By The Boy Who Procrastinates - February 15, 2020
In the previous few posts, I have touched on the topics of Anchoring Effect, Prospect Theory, Endowment Effect and Narrow Framing in the book review of Thinking, Fast and Slow by Daniel Kahneman. Building on the concept of prospect theory and loss aversion, we will talk about a long standing irrationality of investor behaviour that may have investment impact on your portfolio. Which would you sell? Imagine that you are...
