Quote of the day by Daniel Kahneman: "In any diversified portfolio, there will be both winners and losers, and the consideration that should determine which you should sell, if any, is certainly not the price at which you bought it originally"

A quote by Nobel laureate Daniel Kahneman advises investors against anchoring decisions to original purchase price. The article notes that holding losers and selling winners too early is a common behavioural bias, and recommends evaluating holdings based on future returns, fundamentals and portfolio role instead. It reinforces that diversification inherently produces both winners and losers.