Some years ago, I had a relation of mine tell me he was selling some shares in a Microcap company he bought only six months earlier. I asked him what the reason for him selling was, and he responded that he made a 50% gain and was taking profits because he didn’t want to be greedy. I think this must be one of the silliest concepts out there and can be very detrimental to anyone’s long-term wealth creation, particularly in the high growth asset class of Microcaps and Small Caps. Over the years I’ve come across many irrational concepts from a multitude of sources that have over time crept into investing, including psychology, religion, science, astrology and possibly even voodoo. Concepts such as “What goes up, must come down” or “I don’t want to be greedy, I will leave some upside for the next guy” are founded in irrational behavioral psychology. <a href="" target="_blank" data-event-type="click" data-event="link_click">(VIEW LINK)</a>