Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTGodwin OluponmileWed, July 1, 2026 at 1:00 PM GMT+2 6 min readDimitrios Kambouris/Getty ImagesWatching a stock you own fall by half can make you want to panic-sell or pray the price returns to your entry point so you can exit. But Michael Burry, made famous by the film The Big Short, used a June Substack post to argue that selling is the wrong move (1).He wrote that once you're deep underwater on a stock, it doesn't matter how much you paid for the stock. The only number that counts is the stock's current price, because that's where your next gain or loss will be measured from.Must ReadJeff Bezos backs a platform that lets anyone invest in rental homes for as little as $100 — 6 ways to build wealth like a landlord without actually being oneRobert Kiyosaki says this 1 asset will surge 400% in a year and begs investors not to miss this 'explosion'Millionaires under 43 hold only 25% of their wealth in stocks.