Originally Posted by mdccclxix
Without reading this whole thread, I want to ask a question. I had a thought occur to me yesterday that if you picked a stock that was clearly down, or well below it's all time high, just one stock, bought in full fledged, waited for it to go up a set amount even if it took years, sell, then find another stock, what could go wrong other than the stock dying or going totally limp forever? When does patience not payoff in this regard?
Information is the problem. How do you know the stock is going to go up? There are lots of stocks that have lost tons of value and haven't and may never get back to prices that they traded at at one point. Growth investing tries to do what you are talking about, but trust me it is very difficult.
There is also the enormous risk of just buying one stock and not diversifying out into several holdings.