Professionals Make Mistakes Too!

This week’s edition of the “Intelligent Investor” is about issues a finance professor faced when he purchased shares of an individual stock. For many years the professor in question only invested in index funds. Then one day, for reasons unknown, he bought shares on the electric car company Tesla at $38.00 a share. Within three months the stock doubled and the professor was unsure what to do next. If he sold, the price of stock could possible double again. If he held on to  it could poss...