Interesting but I can't tell if he is talking about investors as a whole,or if this is just "the herd", or if it includes "smart money" such as insitutional money managers etc.
(Analysis) Recent studies in behavioral finance show, in fact, investors are "often - if not always - irrational, exhibiting predictable and financially ruinous behavior," according to Andrew Lo, Harris & Harris Group Professor and director, Massachusetts Institute of Technology Laboratory for Financial Engineering in Boston.
http://www.investing-news.com/artman...icle_447.shtml
-repleh
The site listed in the article doesn't come up at MIT. Did find: http://lfe.mit.edu/people/lo/ However, am still looking for the specifics. My take on the article was that they actually studied individual traders, much like that referred to in this article: http://lfe.mit.edu/media/businessweek04-15-02.htm
-repleh
Stock Strategist: The Art of Stock Selling
(Education) Most investors hold losers well after they should in order to avoid taking a definite loss and admitting to a bad investment decision.
http://www.investing-news.com/artman...icle_621.shtml
Zeroing in on just the "selling" problem . . .
-rep
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