When should investors cut off their arms?

Losing money is tough, but too often investors respond in exactly the wrong way to the experience.

Imagine you’re hanging 20 metres above the ground, your arm wedged between rocks on a cliff face. After seven days, your situation worsening with every daybreak, what do you think you would do?

Aron Ralston took matters into his own hands. With his water running out and no sign of help, he hacked off his arm with a knife and abseiled down the cliff face to safety.

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