RE: 300% profit19 Feb 2024 10:10
Cevodniya, that's a good challenge. As others have said, it feels good to sell a third (or some other proportion) of one's holding to recoup the historic costs, catch a free ride. I suppose the answer to your question is that there are typically many different shareholder types. Founders and disciples will tend to hold on, some others will walk away when they achieve multiples of their initial investment. Institutions will increase holdings as the valuation increases, especially if that pushes the company into an index, meaning that it must be held. Private Investors are always negotiating with the voices of greed and fear. We should cut losers and buy winners but instincts, pride and financial responsibilities, urgencies, spouses and ageing can all get in the way of what we should do.