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portmanteau formed from bagholder + bagnard + retard def: (1) a "very stable genius" (aka moron) who envisions himself as an astute 'investor' (aka wannabe) and after buying a bunch of bad stocks, instead of prudently selling, rightaway, and taking a loss, stubbornly holds-on "long-and-strong" until the stock goes to ZERO and he is flat broke; (2) a person who stubbornly refuses to admit he made a mistake and desperately and stubbornly holds onto his erroneous position, long after being shown irrefutable facts proving him wrong e.g., also see trumptard .
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