Meir Statman, the Glenn Klimek Professor of Finance, was quoted in a MarketWatch column about investors selling stock that have performed marginally after just six months. The column cautioned against dropping whole sectors from a diversified portfolio because of lackluster performance. "[I]nvestors get in backward, bullish or bearish," Statman told reporter Chuck Jaffe. "When investors are bullish about an investment it is more likely to underperform than outperform, and visa versa."
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Meir Statman : Portfolio Adjustments : MarketWatch
