on which performance metric is used. Without adjusting for benchmarks, restrictive disciplines were the clear winner. Once benchmarks are introduced the answer becomes less clear. References to Sell a Morningstar. Dorsey, Pat 2004. “When Stock.” for Stock Characteristics As Revealed by Mutual Falkenstein, Eric 1998. “Preferences Fund The Journal of Finance. Portfolio Holdings.” Faugere, Christophe, Hany Shawky and David Smith 2004. Discipline and “Sell Institutional The Journal of Portfolio Management Money Management.” Genesove, David and and Seller Behavior: Christopher Mayer 2001. “Loss Aversion Evidence from the Housing Market.” The Quarterly Journal of Economics. Kahneman, Daniel and Amos Tversky An Analysis of Decision 1979. “Prospect Theory: under Econometrica. Risk.” Norris, Jim 2002. to Take Your Emotions Out of the Sell American “How Decision.” Association of Individual Investors. Shawky, Hany and David Chapter 8. Smith. “Institutional Investment Management.” of Human Judgment: Implications for Slovic, Paul 1972. “Psychological Study Investment Decision The Journal of Finance. Making.” Zweig, Jason 2011. go of Wall Street Journal. “Why We Can’t Let Our Losers.”
on which performance metric is used. Without adjusting for benchmarks, restrictive disciplines were the clear winner. Once benchmarks are introduced the answer becomes less clear. References Dorsey, Pat 2004. “When to Sell a Stock.” Morningstar. Falkenstein, Eric 1998. “Preferences for Stock Characteristics As Revealed by Mutual Fund Portfolio Holdings.” The Journal of Finance. Faugere, Christophe, Hany Shawky and David Smith 2004. “Sell Discipline and Institutional Money Management.” The Journal of Portfolio Management Genesove, David and Christopher Mayer 2001. “Loss Aversion and Seller Behavior: Evidence from the Housing Market.” The Quarterly Journal of Economics. Kahneman, Daniel and Amos Tversky 1979. “Prospect Theory: An Analysis of Decision under Risk.” Econometrica. Norris, Jim 2002. “How to Take Your Emotions Out of the Sell Decision.” American Association of Individual Investors. Shawky, Hany and David Smith. “Institutional Investment Management.” Chapter 8. Slovic, Paul 1972. “Psychological Study of Human Judgment: Implications for Investment Decision Making.” The Journal of Finance. Zweig, Jason 2011. “Why We Can’t Let go of Our Losers.” Wall Street Journal.