No. of Recommendations: 0
Great and simply put....

What I'm doing to help avoid that anchoring is to look again at the expectations priced in at the new, higher price. If they're still well below what I believe the company can do, and if the rest of the thesis remains intact, I'll go ahead and buy some more. In other words, I'm trying to judge each investment decision on its own merits, not in relation to when I first noticed the company or first bought it.

How do you force yourself to "start over" each time in how you look at a stock you already own? Curious how you actually do this (i.e., block out the history)!

Joan
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.