loss aversion

“The vast majority of fund managers, not surprisingly, show evidence of loss aversion around exit timing when prices have been on a negative trend, or a positive one if they're short. So when the price is moving against you, the tendency is to hold on for too l…”

“I think loss aversion and omission bias are two things that in investing and also in sports have us making some really suboptimal choices, but like shooting overhand free throws, at least we're on the right side of convention.”

“Loss aversion is not wanting to start things for fear of the losses you might incur later. So let's think about loss aversion as something that stops you from starting. Sure loss aversion, as Kahneman says, talks about, is not wanting to turn a loss on paper i…”