The endowment effect (difficulty letting go of assets that have increased in value) is particularly strong when a single position has grown dramatically (e.g., $100,000 to $1 million) and is even stronger when someone's livelihood is tied to that position.

factualpending

Speaker

Jack Forehand

Evidence Quote

the endowment effect is really really strong it's really really real... if you're not asking why then you might ride it all the way up and all the way back down again

Source

Practical Lessons from Ben CarlsonExcess Returns
Created: 8/11/2026, 7:52:29 AM

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