Though I am digressing a little from topic 'SHILPA' stock, but just thought of sharing very interesting mail exchanges i had with one of my friend on this 'stock hold but not buy new - paradox', where in i attached Professor's referred article in that mail...
me: I was referring to this article
Friend:On a lighter note, I was mulling over the thought and in the process tried to equate holding-buying paradox with separating and remarrying the same spouse every day. While the first one presents itself more as a paradox, I feel the latter one is easier to dissect and that is when you realize that there are more reasons to hold on to the same stock without a break even after we have had our fair justification for the extra time and effort invested.
me: True. Very meaningful analogy.
At this age, we both partner may not marry each other if we were unmarried.
But having already married and gained lots of benefit (hopefully!) from that relation so far, I do not want to untie that relation and go elsewhere.
Optimal benefit one gets by holding that relation and contributing meaningfully as much as possible for the rest of the time unless there is negative return thereafter.
Diminishing return after tasting huge and heavy initial return are OK. Why? BECAUSE IT IS MY WIFE AND MY LIFE AND SO IT IS MY DECISION!