• Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint
Share this Page URL
Help

Part Three: Common Biases and Errors Tha... > Never Do Today That Which You Can Do...

Chapter Thirteen. Never Do Today That Which You Can Do Tomorrow: The Inertia Bias

Even if you’re on the right track, you’ll get run over if you just sit there.

W. Rogers

Chuck Randall was a smart guy. He had a Ph.D. in business and was a professor at a major state university. When he saw his technology-laden retirement funds drop 20 percent between March and July 2000, he realized the market could go a lot lower. He thought he probably should get out of high-tech stocks, but that July turned to August and the months went by. By summer of 2002, Chuck hadn’t sold a single share, but his procrastination had cost him dearly. Between March 2000 and July 2002, his portfolio had lost more than 75 percent of its value.


PREVIEW

                                                                          

Not a subscriber?

Start A Free Trial


  
  • Creative Edge
  • Create BookmarkCreate Bookmark
  • Create Note or TagCreate Note or Tag
  • PrintPrint