(06-02-2022, 12:42 AM)ArielCasper Wrote: There are 2 possibilities of hitting 100x..
1 is like Forrest Grump when he invested in some kind of "fruit company" and hold till now
2 is like the crazy market we seem last 2 years, where companies like gamestop and AMC shoot thru the roof for no fundamental reason..
1st case, you must have conviction in the company' story to stay long term. 2nd case, you must know buy at right time and even more importantly, sell at right time.. How much of us get this kind of opportunity?? Maybe 0.01%..
Oh ya, missed out 1 more possibility.. If you managed to mine crypto in 1990s and hold until 2021, possible also.. This path maybe easier to hit, since after bitcoins, we have NFTs.. Who know what we might have after NFTs..
100x is just an aspiration.
100x exists and sometimes in front of us. It just takes time and patience. You mentioned Apple. 100x takes 15-30yrs in many cases and most investors sell before 10x.
Nike is also a 100x stock. I found out from the day I bought my first Nike until now 20x.
There are people who say "cannot be" ..."Will never find"...its like telling yourself "I can never succeed". ..without trying.
Is it so darn difficult ? Fortune favors those who try.
Wasn't Nike known to us...all along. One could have bought it 30yrs ago for 65X ....and 20yrs ago for 20X...when did you own your first pair of Nike?
If you are jn your 50s, you started work 25-30 yrs ago. If you ask yourself 2 questions you would become very rich.
1. Who is the greatest investor today?
2. How do I invest with him?
25-30yrs ago already have books written calling Buffett greatest investor. His Berkshire stock was available for investing. Had one asked 2 qns and acted on it. This is how much you made.
A person age 55 today would have started work in 1990...and 60x his salary had he purchased Berkshire.
Buffett will likely not be with us 10yrs from now so it is too late. But it was not too late in 1990s for many who started their journey....but did they try? Many just hobbled along..
Who is the next Buffett and fund can be easily bought? I asked myself this question 3 yrs ago and came upon this guy called Bill Ackman. He may or may not be as good as Buffett...but he does the work and has good intuition..to date my investment with his rose +140% in 3 yrs.
All I can say is "give yourself a good chance"
Don't say impossible. Try. There is really not that much to lose for poor people like us.
One characteristics of multi baggers is internationalisation. They can replicate their business model country after country to expand their franchise. I identified one. A very simple one...something we all know today ...Jollibee. it does not only appeal to Filipino diaspora it has universal appeal and has just started internationalisation journey.