I cannot bring myself to sell my dad's old stocks even though they are terrible investments, because selling them feels like betraying his memory.
More people experience this than they realize.
The endowment effect transforms financial assets into symbolic representations of relationships, preventing rational portfolio management.
“Where Are You with Behavioral economics — biases in financial decisions?”
Peri can explain why this happens, help you decide if this is the right situation for you, and point toward the right journey or coach.
If this sounds familiar, the Library can help you find the bigger picture.