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epcjmc

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epcjmc

Re: None

Tuesday, 02/02/2021 3:11:57 PM

Tuesday, February 02, 2021 3:11:57 PM

Post# of 345746
"A salient characteristic of attitudes to changes in welfare is that losses loom larger than gains. The aggravation that one experiences in losing a sum of money appears to be greater than the pleasure associated with gaining the same amount". . . Page 279 from the paper from Kahneman.

Sounds about right - Thanks Endo - your brilliance once again impresses my simple mind!

My broker friends at my Thursday night poker table are asking me when/if I/they should get out. I answer them . . . If you need the money, then yes - get out, otherwise show me a better stock to grow with? Coulda, woulda, shoulda . . . you never know.


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