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<p>[QUOTE=&quot;medoraman, post: 1227968, member: 26302&quot;]Everyone feels that way Woody, and thinks exactly in your terms. You think you bought at 11, but that was years ago so how much is that in todays dollars? Everyone wishes they bought at 11, or 4, etc, but what we cannot comprehend is that we, (myself included) are thinking of $11 in todays value, not then, and not what we COULD have invested in besides. You mention you bought gold in 1980 near $800. It makes you feel better now that nominally its double, but invested in most other options if would be MUCH greater today.</p><p><br /></p><p>The two main culprits of this leading to bad thinking is nominal dollar terms and survivorship bias. You could have bought only winners in the past, but you could have also bought some losers as well, (even metals have not all went up equally, but this is more common with securities, but even coins are susceptible, you could have bought all BU bicentennial coins then). We ignore that we could have bought losers with &quot;more money&quot; invested just as easily as winning bets.</p><p><br /></p><p>In short what I am saying is never kick yourself for what you didn&#039;t buy, be grateful for what you bought and try to make intelligent decisions going forward. Every one has wishful thinking, and while fun is also dangerous, since it makes you think you should do something drastic today.</p><p><br /></p><p>Just some ramblings on investor psychology, (including myself).</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>

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