Many investors spend sleepless nights agonizing over which stocks to buy. After all, isn't the trick to getting rich in the stock market buying the next Apple Inc. (NASDAQ: AAPL) and avoiding the next Blackberry Ltd (NASDAQ: BBRY)? Successful investors pick good companies and unsuccessful investors pick bad companies, right? It turns out that that things arent quite so simple in the real world, and heres a few examples of how timing (when to buy and when to sell) is arguably much more important than stock selection.
Investors love to hear a good story, but as a whole they can be a shrewd and skeptical audience; after all, they've heard most of the compelling tales and absolute duds before. The executive team at GoPro, (NASDAQ: GPRO), which reported a standout 4th quarter 2014 in February, may wonder what's not to like about their current narrative.