Sidestepping the Agony of Defeat

Erik Kobayashi-Solomon

June 6, 2016

Everybody has reactions. Especially when it comes to money. – Lock, Stock and Two Smoking Barrels (1998) All investors – from day traders to mutual fund portfolio managers – hate to lose money. The most hated loss is a realized one – when an investor sells a stock for less money than he or she …

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