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How to Assess the Durability of a Mo
A company needs to be able to continue to grow and fend off competition. An example to nowadays a stock that's kind of been punished is Al-Habet. Charlie Munger said they have the strongest mo in the world. And then now people are saying, you know, they have no mo.
On today’s episode, Clay sits down with Chris Mayer to discuss the lessons from his book - 100 Baggers.
Chris is the author of 100 Baggers, and the portfolio manager of Woodlock House Family Capital. Chris’s book was published in 2018, and has quickly become a favorite within the investing community. The book very clearly explains the ingredients needed for a stock to compound and grow to 100 Bagger status, which we discuss during this episode.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
04:16 - The primary characteristics of companies that reached 100 Bagger status.
07:08 - How Chris views valuation when purchasing high-quality companies.
09:51 - How Chris assesses the durability of a moat.
18:15 - Why stocks are one of the best long-term protections against calamity and chaos.
44:27 - Why Chris prefers to own companies with management teams that own substantial portions of the company’s stock.
35:13 - Why Chris chose to concentrate his fund into only 10 holdings.
37:04 - Chris’s assessment of Constellation Software and why it’s one of his favorite holdings.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
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