It's harder to pick stock winners than you may think from reading financial media. Everyone believes they can, but after all the effort, how many stock winners do folks really find?
You hear about big winners but how many of those are available? How many are recognizable early on? It’s always easy to find those who did, after the fact.
Moreover, when you look at these relatively small numbers of success stories, you find that they had their periods of ups and downs. The profit numbers look excellent only after years of market wear and tear. How many investors had the stomach and discipline to buy those stocks at their lows and hold on to them to their highs?
None of the successful securities had gone up in a straight line. Most hit bad cycles when most of the original holders lost faith, deserted ship and sold.(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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