Trade in the Toorak tractors
Jan 27, 2021
2 minutes
Phil Slade
I’m often asked why people choose to hold badly performing investments, stick with banks that charge higher rates or stay with high-cost or benefit-light insurance providers. Is it laziness? A misguided sense of loyalty? Or are there some other common behavioural drivers at play?
An efficient market relies on us being rational decision makers, willing to change suppliers when there’s good reason to
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