The Smartest Advice I Ever Got – Sell for the right reason (37) – CNNMoney.com
Tom (of Morningstar fame) held some shares in Disney, and while he liked the company, he thought its stock price was a bit rich at the time, so he sold the Disney stock to fund the purchase of the piano. Tom never got back into Disney and instead watched it rise and rise. Years later Tom would walk through his living room, see the piano and mutter to himself, “That’s the most expensive damn piano on the face of the planet!”
Like what you’ve read here? Subscribe to Money Hacks by Email.