Market Psychology & Behavioral Finance

Holding vs. selling, position sizing, biases, emotional control, and how investor psychology shapes returns.

• Stock Drawdown Recovery: How Long Getting Back Actually Takes — Deep falls are common, and recovering from one has historically taken years rather than months. The arithmetic of getting back, why single companies fall harder, and what a bounce does not prove.
• Loss Aversion in Investing: A Contested Idea You Can Still Use — Losses are said to hurt about twice as much as equal gains. That ratio has been seriously challenged. Here is what survives, and what to do with it.
• Why Smart Investors Make Dumb Decisions: Behavioral Finance — Nobel Prize winners lose money in the stock market because intelligence doesn't immunize you against behavioral finance - it often makes the mistakes more expensive.