Behind the Balance Sheet

#35 The 100 Bagger Hunter

22 snips
May 16, 2024
Chris Mayer, founder of Woodlock House Family Capital, shares insights on finding 100 Baggers stocks, focusing on long-term investing principles, respect for family businesses, and corporate culture. He emphasizes quality over quantity, owning just 11 stocks. This episode delves into his rejection of short-term focus from investors and the power of continuous writing in decision-making.
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INSIGHT

Origin Of 100 Baggers Project

  • Chris Mayer was inspired to update Thomas Phelps's 100-to-1 study after discovering the old book and being urged by a friend.
  • He used that germ to write 100 Baggers and analyze hundreds of long-term multi-baggers.
INSIGHT

Sweet Spot Growth Rate

  • Most 100-baggers clustered around 20–25% compounded growth per year.
  • That growth rate gives symmetry: ~20–25 years to become a 100-bagger.
ADVICE

Check Durable Competitive Advantages

  • Focus conviction on durability of competitive advantages and barriers to entry when assessing growth sustainability.
  • Look for hard-to-replicate assets, scale benefits and network effects to extend high returns on capital.
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