November 13th 2013-I still can think of anything to buy and I still have 400k out of the market, with APPLE being my biggest holding of 80k.
Anyhow on to the actual topic topic.
Arbitrary numbers is one of biggest problems anyone has, we apply values to things with no reason to them. You’ll pay 199.9899999 for gas, but 199.999999 is too much. Lottery tickets for 1 get bought 5x more than $5 ones. I’ll buy a pizza for $10 but you take it to $12 and I wont.
Anyhow this leads me to stock, it is in every aspect of your life, but stock is a very easy way to tell. People like me, who don’t research the exact dollar the stock should be bought at and mainly go off market values. Facebook is sticking around 50, people like 50, it’s a round number. IEP dropped back down to 110, and is sticking around 110, why not higher or lower? Of course that’s not always true, but in general, if you don’t know exactly what it is, you aren’t going to call 111.11 instead of 110. Unless you really like ones.
For me it’s 20 dollars in real life. Oh that shirt is 18 dollars, fine. That sweatshirt is 23.99, to expensive. That perspective makes no sense, but it’s what I’m at. If you take away half of my money will I drop my limit to 10? probably. If you take away 66% of my money I’ll still leave it at 10 not 7.67. What’s your number?