What Is the Endowment Effect?
The endowment effect is the tendency to value something more just because you own it. In investing it
makes you hold losers too long.
The bias
You value something more simply because you
happen to own it.
The reality
Ownership is not value. Would you buy it
today, at this price?
It helps inflate bubbles, as holders refuse to let go.
Source: CFGI
Markets