tag:blogger.com,1999:blog-7366878066073177705.post2895871378792225479..comments2024-02-09T18:16:45.614+00:00Comments on The Psy-Fi Blog: Diworsification is Good for Youtimarrhttp://www.blogger.com/profile/06254802085744425067noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7366878066073177705.post-522518932812427032010-10-07T20:57:27.552+01:002010-10-07T20:57:27.552+01:00Paying attention to the price you paid rather than...<i>Paying attention to the price you paid rather than the current value is known as 'price anchoring', and is an investing fallacy.</i><br /><br />Indubitably. However, if you're skilled enough to make these judgements you won't be needing to diworsify. On the other hand Blarg is an alien language, so your message may be in code ... ;-)timarrhttps://www.blogger.com/profile/06254802085744425067noreply@blogger.comtag:blogger.com,1999:blog-7366878066073177705.post-9339310762082260822010-10-07T00:33:15.317+01:002010-10-07T00:33:15.317+01:00Blarg.
I have nothing against selling winners.
I ...Blarg.<br /><br />I have nothing against selling winners.<br />I also have nothing against selling losers.<br /><br />Paying attention to the price you paid rather than the current value is known as 'price anchoring', and is an investing fallacy.<br /><br />For instance, a core holding for me is DGS, which I first bought in 2008 at 43.71, then added more shares at a fantastic price of 23.5 later that same year. As of today, DGS closed at 51.58, but I'm not going to treat shares from my first purchase (18% gain) any different from those from my second purchase (219% gain).Unknownhttps://www.blogger.com/profile/11394409575254934751noreply@blogger.com