I’ve been reading 2018 carnage since the last few months thread, and it is a classic case study for understanding human/investor behaviour. Our lizard brains play tricks on us. I wouldn’t blame any particular fund manager or investor based on their experience alone.
I, too, have been guilty of buying high, in anticipation of selling higher.
Bull markets take away a good chunk of sanity, and it is nearly impossible to hold your horses.
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