In my previous post, I argued in length against stock picking and market timing. Passive investing is the most optimal strategy for most of us retail investors. I have a confession to make: I am still holding an individual stock in my portfolio – AAPL AAPL price was currently trading at $325.21 at closing. Is it overpriced? Yes, in my opinion. There can be many reasons why the stock price is surging – share buybacks, increase revenue streams from subscription and services etc etc.. but evaluating the share price is not the point of this article. Will I sell it at this price? No! It is worth more. I will wait to sell it at a higher price. Endowment Effect Endowment...