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This book was written in 1972 and back then the automobile industry was for a long time and great expending sector and remained the same for a long time. Now, more than 50 years later, it is different
Great Episode! I rushed into my audible app and bought the audiobook, thanks. This kind of content should have a lot more listeners. But instead 'investors' flock to the thousands of popular channels talking about macro, fed, inflation data and short term trading.
Not sure why you would look at P/E for a potential 100 bagger growth stock that either isnt profitable yet or just achieved profitability. Better to look at price to revenue, price to sales, etc., and factor in TAM, debt and growth rate for forward estimates of value
This is good stuff but one contradiction is the idea that we’ll known stocks should be avoided. That doesn’t make sense given a) the list of 100 baggers and b) your admission that a lot of them are consistently valued highly. Can you clarify on this?
Hey Brian! For well-known stocks, they are generally well-researched by institutions and likely get much more attention from investors more generally (potentially making them expensive). Tesla and Nvidia are prime examples of this. If you want the big multi-baggers, then I'd look for: 1) Companies that aren't as well-known and 2) Companies that are smaller and have more room to grow
I personally like the Buffett approach vs the 1-100. It’s not likely any company will maintain an ROE > 20% for 25y while reinvesting the lion share of it. 100 is a nice number. But 10 x 10 = 100 too. 5 x 5 x 5 ain’t bad either. Or 2^7. Or ….. The only issue with using more companies through time to get your 100x is the taxes. If done in an IRA, they are the same. And one doesn’t have to rely on a single unknown company going the distance from small cap to mega cap.
Why you disagree with Phelps about airplanes and cars if during his study (1970s) those were the best technology human being can offer. You cannot compare his findings with what is applicable now. It's like saying to buffett where is Washington Post now on this internet era? He earn billions on WP.
New technologies and fast-changing industries are very difficult for investors to make money in. Of all of the high-flying tech stocks from the tech bubble, only a handful delivered strong returns (Amazon, Google, Microsoft, etc). Most went to zero! Fast-changing industries are brutal.
You’re completely misunderstanding what Phelps was saying. He meant look for those industries when they are born. Not now… Google absolutely had competition. Acting like it was obvious now is just anachronistic.
BYND- Im not so sure, it has no moat, easy to replicate for other players like Nestlé or ever for Wal-Mart to make their Own. And Think it was a hype Stock, it Will not come back.
@@morten170 I disagree. They have a proprietary formula for all their products and they are constantly improving it. The current iteration of the Beyond Burger is far superior to the one you'd buy in stores just 3 months ago. Someone like myself prefers the taste of the brand. I don't eat Impossible or Slutty Vegan for example. There's a brand loyalty that is developing behind the taste and quality of Beyond.
@@morten170 and my average price on it is $11.50. Nobody should be banking on it reaching previous highs, but at the current price is has a lot of potential.
@@thekingdemetri Yes i do agree, that taste, and brand loyalty, will play a role, and that they where first movers is a big advantage. BYND will be the leader in vegetarian foods producers, but it is still a niche marked(but growing). I do still think that Nestle and other big player will step in and take part when it gets more normal to eat vegetarian food. I hope you get at 20x or more, i just dont see it happen, the stock is not for me.
@@morten170 yeah I'm more confident that it'll be a 10 bagger vs a 100 bagger, but who knows. Also there is a water shortage issue in the world that's becoming more of a problem every year. Beyond Meat products use 10% of the water that it takes to raise animal protein.
Please relax before records or allow yourself to speak higher/more freely/less controlled/ natural in melody. We will generously overlook fillers/terms and whatever. There are so many breaks/cuts and each sentence ends with a "downwards melody". It really sounds like a self programmed sounds bot, who plays prefab sentences. It prevents me from further listening despite the content sounds interesting. Cheers
@@nobodymister5435 i listened for about 5 minutes then I gave up. It is thoroughly exhausting to listen to since it is completely unnatural. The first commenter is absolutely right. I like listening to AI voices more than this.
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41:27 Chuck Akre
50:21 When to sell
This book was written in 1972 and back then the automobile industry was for a long time and great expending sector and remained the same for a long time. Now, more than 50 years later, it is different
TIME STAMPS PLEASE 🙏
Immensely valuable content. Thanks for putting this together, Clay!
Thanks, Rolf! Appreciate the support!
Great Episode! I rushed into my audible app and bought the audiobook, thanks.
This kind of content should have a lot more listeners. But instead 'investors' flock to the thousands of popular channels talking about macro, fed, inflation data and short term trading.
Thank you, Jesper! I'm glad you found the episode valuable. You may also enjoy our episode with Chris Mayer (WSB543) if you haven't caught it already.
@@clayfinck I read his 100 baggers book last year, it was very inspiring, so I will definitely give that episode a listen as well, thanks.
Not sure why you would look at P/E for a potential 100 bagger growth stock that either isnt profitable yet or just achieved profitability. Better to look at price to revenue, price to sales, etc., and factor in TAM, debt and growth rate for forward estimates of value
This is good stuff but one contradiction is the idea that we’ll known stocks should be avoided. That doesn’t make sense given a) the list of 100 baggers and b) your admission that a lot of them are consistently valued highly.
Can you clarify on this?
Hey Brian! For well-known stocks, they are generally well-researched by institutions and likely get much more attention from investors more generally (potentially making them expensive). Tesla and Nvidia are prime examples of this. If you want the big multi-baggers, then I'd look for: 1) Companies that aren't as well-known and 2) Companies that are smaller and have more room to grow
A wonderful counterpoint to this book (and Chris Mayer’s) would be 10-99 baggers THAT DIED.
Silicon Valley Bank was a 300-bagger! Now it is a 0-bagger. Every return multiplied by 0 is 0.
Thanks
I personally like the Buffett approach vs the 1-100. It’s not likely any company will maintain an ROE > 20% for 25y while reinvesting the lion share of it.
100 is a nice number. But 10 x 10 = 100 too. 5 x 5 x 5 ain’t bad either. Or 2^7. Or …..
The only issue with using more companies through time to get your 100x is the taxes. If done in an IRA, they are the same. And one doesn’t have to rely on a single unknown company going the distance from small cap to mega cap.
Thank you for sharing your thoughts, Dustin!
Love this channel. Thanks a lot for the hard work.
Glad you enjoy it!
Ty❤
Could nvda be in this category of being overvalued at the moment, but may keep going up and up. So maybe just bite the bullet and but in now
Why you disagree with Phelps about airplanes and cars if during his study (1970s) those were the best technology human being can offer. You cannot compare his findings with what is applicable now. It's like saying to buffett where is Washington Post now on this internet era? He earn billions on WP.
New technologies and fast-changing industries are very difficult for investors to make money in. Of all of the high-flying tech stocks from the tech bubble, only a handful delivered strong returns (Amazon, Google, Microsoft, etc). Most went to zero! Fast-changing industries are brutal.
👍
Phelps was an analyst. He wasn't even in the top 10 of the best investors.
You’re completely misunderstanding what Phelps was saying. He meant look for those industries when they are born. Not now…
Google absolutely had competition. Acting like it was obvious now is just anachronistic.
Google had no serious competition. I was there.
Survivorship bias
Potential 100 baggers - $BYND and $AMS.
BYND- Im not so sure, it has no moat, easy to replicate for other players like Nestlé or ever for Wal-Mart to make their Own. And Think it was a hype Stock, it Will not come back.
@@morten170 I disagree. They have a proprietary formula for all their products and they are constantly improving it. The current iteration of the Beyond Burger is far superior to the one you'd buy in stores just 3 months ago. Someone like myself prefers the taste of the brand. I don't eat Impossible or Slutty Vegan for example. There's a brand loyalty that is developing behind the taste and quality of Beyond.
@@morten170 and my average price on it is $11.50. Nobody should be banking on it reaching previous highs, but at the current price is has a lot of potential.
@@thekingdemetri Yes i do agree, that taste, and brand loyalty, will play a role, and that they where first movers is a big advantage. BYND will be the leader in vegetarian foods producers, but it is still a niche marked(but growing).
I do still think that Nestle and other big player will step in and take part when it gets more normal to eat vegetarian food.
I hope you get at 20x or more, i just dont see it happen, the stock is not for me.
@@morten170 yeah I'm more confident that it'll be a 10 bagger vs a 100 bagger, but who knows. Also there is a water shortage issue in the world that's becoming more of a problem every year. Beyond Meat products use 10% of the water that it takes to raise animal protein.
Jmia could 100x
You mean 1/100 😅 …
Please relax before records or allow yourself to speak higher/more freely/less controlled/ natural in melody. We will generously overlook fillers/terms and whatever. There are so many breaks/cuts and each sentence ends with a "downwards melody". It really sounds like a self programmed sounds bot, who plays prefab sentences. It prevents me from further listening despite the content sounds interesting. Cheers
Maybe you should see a doctor. I don't hear any of that even on 2 x speed^^
@@nobodymister5435 i listened for about 5 minutes then I gave up. It is thoroughly exhausting to listen to since it is completely unnatural. The first commenter is absolutely right. I like listening to AI voices more than this.
Use AI to translate different language also in Hindi for growth your channel. Public demand 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏 I also do it for you.