Rory Gold

If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!

I’ve just finished reading the Ori and Rom Brafman book Sway: the Irresistible Pull of Irrational Behavior, actually I’ve only finished the first chapter but for gambling purposes, I’ve never read a more rational explanation as to why gamblers chase their losses.

The owner of Bio-medical start up sold his company for stock in a much larger company. At $42 a share, the amount was enough for the man to retire on Martha’s Vineyard with a huge yacht and everything he would have needed. His investment advisor suggests that he cash out 10% at regular intervals and diversify his income so that his retirement dream will be assured. Read more