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TIP543: 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer
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.
45:57
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Quick takeaways
- Investing in 100 baggers requires sustained growth and high returns on capital over long periods.
- Assessing the durability of competitive moats is crucial for long-term success in businesses.
Deep dives
Key Characteristics of 100 Baggers
Investing in 100 baggers involves looking for companies that exhibit sustained growth and high returns on capital over a long period. Most 100 baggers took around 20 to 25 years to achieve this level of growth through compounding capital at 20 to 25 percent annually. Companies like McDonald's and Home Depot exemplify this growth trajectory, requiring a strong ability to expand and maintain high returns on capital.
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