100 Baggers: Stocks that Return 100-to-1 and How to Find Them

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Finding companies owned and operated by the company owners means they tend to think like owners and treat shareholders as part owners. The owner/operator has skin in the game, as most of their wealth remains tied to its performance. Those incentives tend to enable management to align their goals with shareholders. Taiwan is a fantastic place, and I always enjoyed my time there. It has an innovative business culture, a good work ethic, and it has a beautiful culture with very close ties to Japan. Tilman Versch: In one of your former interviews, you mentioned the importance of networking events, and getting connected to other people to find good ways to find uncommon ideas that might turn out as 100 baggers. Now, we are living in a different world somehow.

From 0 to 100K: How to Spot a 100-Bagger and Ride It to the

Tilman Versch: You mentioned ODFL, they compete with a roll-up, which you mentioned. You recently changed your opinion on XPO. Are the strong network effects needed for roll-ups to work? He’s also asking how do you evaluate roll-ups and judge acquisitions? Tilman Versch: Hello, everyone. It’s great to have you here for a conversation with Chris Mayer. Hello, Chris. I saw something, where I forget if it was Domino’s and Google or something. I think they went public around the same time. Tilman, you may remember, I don’t know, but Domino’s Pizza is actually outperformed. That’s so crazy. Who would have guessed that? That’s because the economics of that is so wonderful. If you’re going to own a hotel or a restaurant, but you’re just going to pay attention to how those positions connect and pandemic I like to say it like it connected the dots to a number of my positions, connected a number of my positions together in a way I wouldn’t have thought before. That forced a change. As a result of this too though, I’ve become a little more concentrated. I think early part of the year I had like 15 positions and now I’m down to 10. A lot of that has been selling one thing and rolling the proceeds into other things I like better. The way I think about portfolio construction now is ideally I would have maybe 10 to 12 names somewhere between 8% and 10% each on cost. Tilman Versch: To give a start, I want to ask you for an introduction because you’re the first time on our channel, it’s great to have you here. I just want to ask you what’s interesting that other investors should know about you and what makes a good investment for you as a beginning question.For example, the 100-bagger Monster Beverage lost 20% on several occasions and once lost 40%. But only by holding on were investors able to achieve a 100-bagger return, considering Monster achieved a 100-times return in only ten years! All the 100 baggers of the last fifty years have one thing in common; growth, and lots of it in all forms. Users simply buy or rent non-fungible token (NFT) sneakers to use the app. STEPN then awards the user with its native cryptocurrency, GST, for their healthy behavior. Investigating companies to find the next 100 baggers takes lots of time and effort, but what happens with the Fed, the President of Italy, or what is going on in China matters, not one iota. We want to find a company with a disruptive business model or product. And that the company continues reinvesting its earnings in the business to become even more competitive.

100 Baggers - csinvesting 100 Baggers - csinvesting

Families are generally a positive for me when there’s large family ownership in the business because there’s empirical research on this, too, that families, in general, are good stewards of capital because they tend to be less levered, and less aggressive. They are more willing to invest long-term and not play the quarterly earnings game. Of course, there are always exceptions but I’m thinking of several of my holdings where there’s a family involved, and they’ve been good stewards over a long period of time. The relationship between Taiwan and China is complex and has been a concern for decades. And the semiconductor shortage we’ve been facing has highlighted these tensions even further. Tilman Versch: What are examples of what has changed when you had a position in a company? What new came out of this magic of having a position. Tilman Versch: I have also a question from Steven Hossan in before. What do you feel is not emphasized enough in investing? I am not sure about you, but that chart caught my eye. Think about the level of performance it would take to grow revenues, margins, and earnings at 35.9% for 15 years. That is some serious operational execution.Again, this is not necessarily a question I would think about that way because where a company is listed, of course, doesn’t necessarily mean that’s where they do business. I mentioned InterContinental Hotels listed in London. It’s also listed in the US but they have a big business all over the world, US, Europe, and Asia. I can think of another example like air lease is listed in the US but 95% of our business was outside the US so is really an American company. More than 20% of their business was in Asia. I don’t really look at it that way anymore. Right now, metaverse real estate is in its earliest stages of growth. Yet ultimately, it will change how we shop, communicate, work, and entertain ourselves.

100 Baggers: What Are They, Where Can I Find Them (With Examples)

Your best edge may be your ability to look out more than the next couple of years and plant your flag that way. I think the best edges are more built around soft skills, more around behavioral things. Being patient. There might be the real last edge because there’s so much trading and algorithms and all these things. You’re not going to compete with those on a short-term basis. This is true for individual investors too. Your best edge may be your ability to look out more than the next couple of years and plant your flag that way. I think, one edge of mine is around the behavioral things. I think I’m very good at holding positions, and being patient. I think there are some basic things that I really focus on that I think maybe other investors don’t pay as much attention to. Tilman Versch: That’s a clear answer. I have another question from Dennis. He is asking what’s your advice for young people who want to get into the investment business.As for our investments in this space, we’ll certainly keep an eye out if any signs of an imminent move occur. With that said, I don’t think that China would cause any major disruptions in the event of a takeover or assertion of administrative control. I’ll say if you’re looking for 100-baggers, you really need to have the full effect of maximum compounding. The way to get there is to have a company that can take all of its profits and reinvest it in the business, earn that high return, and does it again and again. Tilman Versch: I think you could make a great product though. Was that like the magic formula or something like that [laughs]? The bad news is that there has never been a riper time for China to make a move. The current U.S. administration is demonstrably weak on China at best.