Whether they represent a past mistake, bad luck, or a choice that made perfect sense at the time but no longer does, you are subject to sunken cost fallacy when a holding is no longer serving for your current goals. Learn how to avoid this trap.
Read MoreAre there signs to tell us if a market correction is imminent, or are they more likely false prophets? Either way, how is an investor advised to respond to such forecasts?
Read MoreHerd mentality is just as applicable in bull markets, as early experience taught me well. Remember the tech stock bubble of the 1990s? As an engineer at Dell in the “second Silicon Valley” of Austin, Texas, I happened to be in hotbed of all the madness…
Read MoreI’m no more immune to confirmation bias than the next guy. For example, when I left my job at Dell several years ago, I realized I could finally buy an Apple. But, darn the luck, we already had a perfectly good PC at home.
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