Educational articles written by full-time investors — business breakdowns, interviews, and presentations.
Educational articles written by full-time investors — business breakdowns, interviews, and presentations.
Kevin Martelli produced this presentation studying stocks around the world that achieved more than 10x return in the 15 year period between 2000 and 2014.
Time and interest are the primary components of the power of compounding. The hard part is we don’t know how much time we have. Identifying the losers in your portfolio is as important as holding winners because losers dilute your returns. Losers are a waste of your time.
The hardest part of achieving 10-20+ baggers is having the patience and conviction to hold through multi-year periods of underperformance. Patience is your biggest asset when investing in a great business.
Goals are accomplished through hard work and great discipline. Discipline is choosing what matters most over what you want now.
An alternative lesson to draw from his study is that microcaps are fine but nanocaps are the ticket to wealth; you just have to be poor enough to buy them.
If your goal is to achieve maximum capital gains, then your intention with every purchase should be to hold for years.