Does Your Ego Get In The Way Of Investing?

Discussion in 'General Trading Discussion' started by gowiththeflow, Jul 9, 2018.

  1. gowiththeflow

    gowiththeflow Senior Investor

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    If you speak to any investor they will all have a different strategy, different ideas and different goals. The two hardest elements of investment are knowing when to take a loss and how far to run your profitable investments. Have you ever let your ego get in the way of an underperforming share? Has it literally drifted away to next to nothing?
     
  2. Chartman

    Chartman Senior Investor

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    Even the likes of Warren Buffet know when to let their egos go - he avoided tech stocks for many years because he "did not understand them" but recently he has been investing heavily into the likes of Apple, etc. Investors with big egos will come a cropper one day :)
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    "Pride come before a fall" is one of the sayings which springs to mind. If you havent got the personaility to admit when you are wrong then you might have to nurse a few investment wounds before you change your mind. Stockmarkets can be brutal!
     
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