{"version":"1.0","type":"rich","provider_name":"Acast","provider_url":"https://acast.com","height":250,"width":700,"html":"<iframe src=\"https://embed.acast.com/$/61e618c9d9ce8600126e77fa/6aaa0a3979ba7f1eccfde579?\" frameBorder=\"0\" width=\"700\" height=\"250\"></iframe>","title":"The Concorde Fallacy: Why investors hold on to bad investments","description":"<p>Why do investors sell investments that have gone up while holding onto investments that have fallen? Shani and Mark explore the psychology of loss aversion and how it can lead investors into two very different but equally costly mistakes.</p><p>Would you like more free insights from Mark, Shani and the rest of the Morningstar team? You can find them <a href=\"https://go.morningstar.com.au/investingcompass\" rel=\"noopener noreferrer\" target=\"_blank\">here.</a></p><p><em>A message from Mark and Shani</em></p><p>For the past five years, we’ve released a weekly podcast to arm you with the tools to invest successfully. We’ve always strived to provide independent, thoughtful analysis, backed by the work of hundreds of researchers and professionals at Morningstar.</p><p>We’ve shared our journeys with you, and you’ve shared back. We’ve listened to what you’re after and created a companion for your investing journey. Invest Your Way is a book that focuses on the investor, instead of the investments. It is a guide to successful investing, with actionable insights and practical applications.</p><p>The book is now available! It is also available in Audiobook format from most sellers.</p><p><a href=\"https://amzn.to/46qMXAu\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Purchase from Amazon</strong></a> or <a href=\"https://booktopia.kh4ffx.net/55zd5N\" rel=\"noopener noreferrer\" target=\"_blank\"><strong>Purchase from Booktopia</strong></a></p><p>To submit any questions or feedback, please email mark.lamonica1@morningstar.com or leave us a voicemail to feature on the podcast <a href=\"https://www.speakpipe.com/Investing_Compass\" rel=\"noopener noreferrer\" target=\"_blank\">here.</a></p><p>Audio Producer and mixer: <a href=\"https://www.willton.me/\" rel=\"noopener noreferrer\" target=\"_blank\">William Ton.</a></p>","author_name":"Morningstar Australia"}