100-Baggers

Key Takeaways

• 1.Focus on companies with high returns on capital
• 2.Look for owner-operators with significant skin in the game
• 3.Time is the friend of a great business - hold for decades
• 4.Growth in sales per share is crucial for massive returns
• 5.Small companies have more room to grow exponentially
• 6.Strong brands and pricing power are essential
• 7.Clean balance sheets provide optionality
• 8.Avoid overpaying, but don't obsess over valuation
• 9.Coffee can investing - buy right and sit tight
• 10.Study the big winners of the past to find future winners