Absurd reasons investors don't sell concentrated positions: "I'm holding strong"
Lessons from Baird Wealth Management and Reddit
The Baird paper mentioned in the graphic above includes several reasons investors hold concentrated positions. But it missed a few good ones I’ve heard over the years.
So, I went to Reddit to fill in the gaps.
Why investors hold:
FOMO: Tres commas
Tax: Afraid to rip off the Band-Aid
Past stock success: Number go up
Overconfidence in predicting the future: “I…