FYI: “Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors,” a draft paper by Klakow Akepanidtaworn, Rick Di Mascio, Alex Imas, and Lawrence Schmidt, tackles an unusual question. Setting aside market-timing, professional stock investors have two jobs: 1) buying equities and 2) selling them. How well do they perform each role?
In resolving that query, the authors take conventional analysis one step further.
Regards,
Ted
https://www.morningstar.com/articles/907756/what-professional-us-stock-investors-get-right.html
