Today’s podcast is a discussion between Matt Cochrane and I about 100 Baggers: Stocks That Return 100-to-1 and How To Find Them, by Chris Mayer.A 100 bagger is a stock that increases by 100-1. In other words, $10,000 turns into $1,000,000. Breaking it down mathematically, a 14% return achieves a 100 bagger in 35 years. A 20% return does it in 25. 26% does it in 20 years.Chris Mayer did a study of many stocks that did return 100-1 and evaluated the characteristics of those companies. There is a common DNA among all of them profiled in the book, which Matt & I discuss & analyze.
Links
100 Baggers: https://www.amazon.com/100-Baggers-Stocks-100-1/dp/1621291650/
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