In "Nothing But Net" (2021), Mark Mahaney, one of Wall Street's top tech analysts with 25+ years of experience, shares 10 lessons on how to pick winning internet stocks. Mahaney focuses exclusively on high-growth tech stocks, the sector that produced 23 ten-baggers from the late 1990s through 2020....
In her February 2025 study "The Alchemy of Multibagger Stocks," Birmingham City University researcher Anna Yartseva analyzed 464 companies that delivered at least 10-fold returns between 2009 and 2024. While investment professionals have long offered theories about what creates these exceptional winners, Yartseva's work represents one of the...
In his 2023 book “Global Outperformers,” Dede Eyesan analyzed 446 companies across 13 economic regions that returned over 10-fold (1,000%) between 2012 and 2022. Here’s a summary of Eyesan’s key findings: While the list above provides useful screening criteria, Eyesan emphasizes that succeeding as an investor isn't about...
Most investors avoid investing in financially distressed and bankrupt securities. These investments appear too risky and complex for most people to handle. However, this avoidance creates opportunities for those willing to do the work. When institutional investors and individuals refuse to buy these securities, prices can drop well...
In his 1991 book "Margin of Safety," Seth Klarman explains how market inefficiencies and institutional constraints create situations where securities trade well below their intrinsic value, and how catalysts help unlock this hidden value. These opportunities exist not because of luck, but because of structural reasons that cause...
As of December 2024, there are ~53,626 publicly traded companies worldwide. With so many options, how do you find stocks worth your money? This post draws from Michael Shearn’s 2011 “The Investment Checklist: The Art of In-Depth Research” to explain how to systematically find great investment ideas -...
In a previous post, we introduced the concept of 100-baggers—stocks that return $100 for every $1 invested. We also discussed the coffee-can portfolio strategy for holding these exceptional investments through market cycles. These concepts draw from Thomas Phelps' 1972 book "100 to 1 in the Stock Market" and...
Imagine turning $10,000 into $1 million through a single investment. This is what investors call "100-baggers," stocks that return $100 for every $1 invested. Thomas Phelps’ 1972 book "100 to 1 in the Stock Market" identified 365 such stocks from 1932 to 1971, and Chris Mayer’s 2015 "100...
The Magic Formula is a systematic stock portfolio investing strategy developed by Joel Greenblatt. This approach uses specific criteria to identify companies that are both highly profitable and undervalued. Greenblatt's backtests on the Magic Formula have shown that this strategy has beaten the S&P 500 Index on average,...