Bernard Baruch made a fortune in the stock market in the 1920s and had the presence to take profits before the market dropped into the Great Depression. He subsequently served as an advisor to Presidents until his death. His quote: “I got rich by taking profits too early.” This is the psychology of taking profits-sell too early, not too late. Knowing when to sell is the most difficult aspect of being a successful investor.
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Shiller R J. Irrational Exuberance. Princeton, NJ: Princeton University Press, 2000.
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© 2009 Humana Press, a part of Springer Science+Business Media, LLC
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Doroghazi, R.M. (2009). When to Sell. In: The Physician's Guide to Investing. Humana Press. https://doi.org/10.1007/978-1-60761-134-9_30
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DOI: https://doi.org/10.1007/978-1-60761-134-9_30
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