RE: TIL How Quincy, Florida Became A Town Of Coca-Cola Millionaires
Or maybe like those Dutch who bought tulip bulbs.
http://www.bbc.com/culture/story/20160419-tulip-mania-the-flowers-that-cost-more-than-houses
Or Spawn #1, which was supposed to be the next big thing in comics: creator-owned, dark, edgy antihero. Except comics mostly become valuable by being rare, and they printed (and sold) a lot of these.
http://www.ebay.com/p/Spawn-1-May-1992-Image/85400694
Or this stock, which I bought in the late 1990s, and which I still believe in as a potentially transformative technology, which has earned me less than 4x return.
http://aethlonmedical.investorroom.com/interactive-chart
My point being that there's a lot of luck involved. Quincy is a great story, no doubt about that (which is why I upvoted it), but it's not evidence for an argument. That would require some data on the performance of buy-and-hold strategies across the board.
https://en.wikipedia.org/wiki/Cherry_picking
Yep, nobody knows the future. I said it could be great, not that it is guaranteed or anything. Maybe it will never go above the current price and the people selling are the smart ones. I'll hold mine though.