If you have to sell, sell fast
From BehaviorGap.com
PS This is obvious not true because if some investors do dumb things and have a below return some smart people have an above return. All the market together have the investment return less fee's. But i liked this graph because i feel the problem with some investors is to act late. This is the reason i believe momentum still works. People wait, wait, wait until they throw in the towel near the bottom (or top).
To do well in this business you either don't move or have to act at the first signs without all the info in.
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