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Podcast: Money Life with Chuck Jaffe
Episode: Clinical psychologist warns about being infected with 'get-even-itis'
Description: Stanley Teitelbaum, a clinical psychologist who authored a book on the "self-defeating patterns" that individual investors make says that the market's first-half losses has pushed many investors into a bad type of inaction, one where they don't want to make a move until their position gets back to break-even or recaptures a recent high, neither of which is guaranteed. While no one wants to accept losses, Teitelbaum says investors who evaluate securities on their prospects rather than on the price of purchase will be making smarter moves. Also on the show, Chuck answers a question from a fortunate investor w...