We Study Billionaires - The Investor’s Podcast Network TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer
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Apr 9, 2023 
In this engaging discussion, Chris Mayer, author of "100 Baggers" and portfolio manager at Woodlock House Family Capital, shares his expertise on identifying stocks that can appreciate 100-fold. He outlines the key traits of successful companies, the significance of management ownership, and his preference for a concentrated portfolio of high-quality stocks. Mayer emphasizes that stocks serve as a strong hedge against chaos and evaluates the powerful model of Constellation Software, revealing insights that could transform your investment strategy.
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100-Bagger Timeline and Growth
- Most 100-baggers take 20-25 years to achieve such returns, compounding at 20-25% annually.
- These companies require substantial growth, often expanding globally like McDonald's or Home Depot.
Berkshire Hathaway's Success
- Berkshire Hathaway, led by Warren Buffett, achieved an astounding 18,000-bagger return.
- This highlights the power of long-term compounding and skillful capital allocation.
Valuation of High-Quality Companies
- Be prepared to pay higher valuations for truly great businesses, as the market often recognizes their quality.
- Focus on being right about the business's long-term prospects, as valuation has more flexibility.
