I’ve posted Entry #16 to my Investing: The New Rules column at the Death by 1,000 Papercuts site. It’s called Stock Price Drops Are Better Than Stock Price Gains.
Juicy Excerpt: Why then do we cheer price increases and boo price drops? We think of ourselves as seller of stocks rather than buyers of stocks. Our focus tends to be on the shares we already own. The owners of things being sold always want the highest prices possible to apply.