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Author: CryingofLot49 Big funky green star, 20000 posts Feste Award Nominee! Old School Fool CAPS All Star Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1239  
Subject: Re: The house's money Date: 12/13/2010 1:33 PM
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My issue with that phrase isn't a problem with the sell action, however, but the framing of that action -- the reason given for taking it. As I wrote in the post, "house's money" implies gambling, winning from a faceless entity, the earnings not yet your money.

Yes, as I said, that was an unfortunate turn of phrase, but phrased in the way that more people would understand it. Not everyone has the background in Behavioral Finance that you and I have.

JJC also talks repeatedly about the need to rebalance one's portfolio, which has involved him getting death threats and the like prior to two different downturns.

In short, 60 mins of tv 5x a week, people are going to frame their comments sub-optimally from time to time. Again, I agreed with pretty much everything you said.
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