Re:Why I hate the weekends (2017)
by underwater on Sunday February 17, 2019 @06:52AM
(#19184011)
Liquidating is the rational action, but people are not always rational. Consider the two outcomes from selling stock early:
- The company tanks. You maybe retained some of the value of your stock, but you're still on a sinking ship.
- The company takes off. Thanks to loss aversion you feel like you lost money that is rightfully yours. And your idiot co-worker who held just turned up for work in a supercar.
- The company tanks. You maybe retained some of the value of your stock, but you're still on a sinking ship.
- The company takes off. Thanks to loss aversion you feel like you lost money that is rightfully yours. And your idiot co-worker who held just turned up for work in a supercar.