Higgins: Investors must trade current value instead of anchoring to purchase price
Brian Higgins · Brian Higgins - King Street Capital (Manager Meeting, EP. 21) · Nov 24, 2021 · at 50:49
Brian Higgins, co-founder of King Street Capital, shares his biggest investment pet peeve during rapid-fire closing questions with Tarek Siri.
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“I would say anchoring to purchase price. So when someone comes in and says, well, we bought it here. We, you know, it's like, I don't care. I mean, I care obviously, but like to assess people, I said, don't trade the mark, trade the value. So it's back to that buy, sell or hold mentality. And it's like, what do you want to do? Okay. We lost money. We made money. Doesn't matter. Let's assume it was gifted to you. It just showed up in your portfolio.”
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