Market psychology is always a serious factor that dictates the lack of discipline in investors. Most take what profits they see on the way up, and run; no matter what their original strategy or purpose was for buying that security. Thus,the odds of achieving huge winnings are always steep.
Besides, it is almost impossible for an outside observer to properly evaluate management. Analysts who make it their profession cannot evaluate managers wisely or adeptly from the outside. Why believe the public can?
I have found the odds are too steep in the long run. I suggest investing in low-cost index funds as your best bet. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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