Thou Shalt Buy and Hold.
An investor holding a stock needs to decide when to sell it over a given investment horizon. It is tempting to think that she should sell at the maximum price over the entire horizon, which is however impossible to achieve. A close yet realistic goal is to sell the stock at a time when the expected...
| Main Authors: | , , |
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| Format: | Journal article |
| Published: |
2008
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