This is a story on my investment in a company that build ships for the oil industry called Vard in 2013. I’ve lost over S$10,000 because the stock has collapsed 85%. Yet, I’m still holding on even though I know I’m being stupid. We love to believe we’re all special snowflakes that are individual and different but humans are way more alike than we like to think. People in their 20s wish they’d travelled more, in their 30s they start getting concerned with retirement, and by their 40s, people get increasingly worried about retirement. When we’re younger, we save for ourselves, and as we get older, we care about saving for our family. These trends are similar for most people. Most people who start picking stocks think “I’m not like that, I won’t make the same mistakes”. But there are multiple psychological traps that make most of us bad stock ......