Bingo - great idea! Invaluable learning lessons in these threads. One wonders why anybody might operate differently :confused: ?
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100 Baggers: Stocks that Return 100-to-1 and How to Find Them
The key characteristics of 100-baggers -Why anybody can do this (It is truly an everyman's approach. You don't need an MBA or a finance degree. Some basic financial concepts are all you need.)
https://www.amazon.com.au/100-Bagger.../dp/1621291650
When we are thrown pitch after pitch each day, it can be hard not to act when everyone is yelling "Swing, you bum!"
I don't think you need to worry about predicting what might be a 100 bagger as such.
The trick is to find a company that you genuinely intend to hold forever. Then you just set and forget. If you do that over a long period of time you will do just fine, and probably better than average,
You might not get Elon Musk rich, but I am not sure that is a worth goal anyway.
‘‘The market, like the Lord, helps those who help themselves.But unlike the Lord, the market does not forgive those who knownot what they do.’’
Thanks to my one and only 50 baggers not only helped me to recover losses that I made in the past but also to stay in the stock market. I recently read a book on great value investors. In their portfolio, at least they had few multi baggers. Very interesting.
There are two types my multi-baggers
1. Speuclative mutil baggers: They send stocks to the roof by telling that they are going to make huge profits as a result of something they have. Eg: They have invested in some minerals
2. True mulitbagger: These companies have strong balance sheets, generating good cash flow, there is a demand for their products in good and bad times.
I only like to find out the second category.
Mining companies is where multi baggers is quite a regular event. If you know a bit about geology & mine processing then they can be a fairly reliable punt. Tech is quite similar in a way, however tech is continually changing if the company doesnkeep up then its like a mine that runs out of resources.