Loss Aversion Quotes

“Letting go of attachments to material possessions, relationships, or past experiences that stifle or no longer serve us can be liberating and allow us to move forward with our lives. When we contain our 'loss aversion,' we learn to bounce back from setbacks and master the qualities for navigating life's challenges. We can
convert the terror of loss aversion into a mindset leading to greater freedom and personal empowerment. (“Paper Boats Forever »)”
― Erik Pevernagie

“In trying to make sense of this pessimism, Ridley, like Kahneman, sees a combination of cognitive biases and evolutionary psychology as the core of the problem. He fingers loss aversion—a tendency for people to regret a loss more than a similar gain—as the bias with the most impact on abundance. Loss aversion is often what keeps people stuck in ruts.”
― Peter H. Diamandis

“Once bitten, twice shy isn't a very good investment strategy.”
― Coreen T. Sol, Unbiased Investor: Reduce Financial Stress and Keep More of Your Money

“Generally, you'll be motivated to sell sound investments and hold onto the bad ones because we prefer to feel good about the gains and avoid the pain of acknowledging loss.”
― Coreen T. Sol, CFA

“Everyone who liquidates at the bottom of the market is quick to rationalize, ironically, that they decided to prevent further losses.”
― Coreen T. Sol, Unbiased Investor: Reduce Financial Stress and Keep More of Your Money

“It doesn't matter what you paid for an investment. If it no longer suits your objectives or has poor prospects, you should sell it.”
― Coreen T. Sol, Unbiased Investor: Reduce Financial Stress and Keep More of Your Money

“The motivation to break even is so tempting that you'll even consider doing so at greater levels of risk than you'd typically accept. If you've heard the expression "double or nothing," you've seen this bias in action.”
― Coreen T. Sol, Unbiased Investor: Reduce Financial Stress and Keep More of Your Money

“Just because markets rise doesn't mean that they will continue to grow or that it is time for them to change direction, yet it is pleasing to see patterns from one period to the next.”
― Coreen T. Sol, Unbiased Investor: Reduce Financial Stress and Keep More of Your Money