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An awful lot of people keep a stock too long because it gives them warm fuzzies – particularly when a contrarian stance has been vindicated. If they sell it, they lose bragging rights.
John Neff
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John Neff
Age: 87 †
Born: 1931
Born: September 19
Died: 2019
Died: June 4
Businessperson
Ohio
United States
Loses
Stock
Rights
Sell
Keep
Sells
Giving
Awful
Long
Particularly
People
Warm
Vindicated
Gives
Bragging
Lose
Stance
More quotes by John Neff
I don't read, much less follow, the valuations or predictions. I study the numbers.
John Neff
Investment success does not require glamour stocks or bull markets.
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I don't want a lot of good investments I want a few outstanding ones.
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The baskets start at $25 and] the sky's the limit, I've done baskets worth hundreds of dollars. At that price, they are putting in luxury items.
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Buy on the cannons and sell on the trumpets.
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I've never bought a stock unless, in my view, it was on sale.
John Neff