Disposition Effect: Why Most Investors Make Awful Gardeners
Con·trar·i·an (n.) – a person who opposes or rejects popular opinion, especially in stock exchange dealing. Successful investing is an active rebellion against one’s instinctual proclivity to sabotage long-term returns. In a perfect world, investing is like gardening. You cut the weeds (losers) and water you flowers (winners). In practice, investors do the opposite. We […]