Barron’s latest Streetwise column examines how even professional investors struggle with selling decisions. With insights from our recent academic paper, Selling Fast and Buying Slow, data from the Inalytics Peer Group revealed that whilst institutional investors have investment skill in buy decisions, selling decisions on the other hand underperform substantially.
Barron’s, Even the Best Investors Stink at Selling Stocks: “Perhaps, the researchers theorise, there is an “asymmetric allocation of cognitive resources” at work—that is, the portfolio managers are simply doing far more homework on their purchases than their sales”.
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