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Released: July 11, 2010
Reaching acceptance over stock losses
Source: Eileen Ambrose, Baltimore Sun (Free Registration)
You may not see a lot of black armbands or be wearing one yourself. But many of us are in deep mourning — for big stock losses going back to 2008.
And our sorrow is so similar to what we feel after a divorce or death in the family that we’re likely working through the five stages of grief, says Andrew W. Lo, a finance professor at the Massachusetts Institute of Technology who has studied investor behavior. The stages for investors are the same as for the grieving: denial, anger, bargaining, depression and acceptance.
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