“You never get poor by taking a profit.” It would follow that cutting your losses is also a good idea, but investors hate to take losses, because, tax considerations aside, a loss taken is an acknowledgment of error. Loss-aversion combined with ego leads investors to gamble by clinging to their mistakes in the fond hope that some day the market will vindicate their judgment and make them whole.”
3. “Better to get hurt by the truth than comforted with a lie.”
Featured in: Honesty Quotes
7. “But then it passed, as all things do.”
Featured in: This Too Shall Pass Quotes
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