100 Baggers: Stocks that Return 100-1 w/ Chris Mayer (TIP543)

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Clay sits down with Chris Mayer to discuss the lessons from his book - 100 Baggers.
Chris is the author of 100 Baggers, and the portfolio manager of Woodlock House Family Capital. Chris’s book was published in 2018, and has quickly become a favorite within the investing community. The book very clearly explains the ingredients needed for a stock to compound and grow to 100 Bagger status, which we discuss during this episode.
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IN THIS EPISODE YOU’LL LEARN:
0:00:00 - Intro
0:02:32 - The primary characteristics of companies that reached 100 Bagger status.
0:05:26 - How Chris views valuation when purchasing high-quality companies.
0:08:21 - How Chris assesses the durability of a moat.
0:13:11 - Why stocks are one of the best long-term protections against calamity and chaos.
0:15:53 - Why Chris prefers to own companies with management teams that own substantial portions of the company’s stock.
0:27:32 - Why Chris chose to concentrate his fund into only 10 holdings.
0:43:35 - Chris’s assessment of Constellation Software and why it’s one of his favorite holdings.
🖊️ Access the transcript and learn more about the guest here: www.theinvestorspodcast.com/e...
📖 BOOKS MENTIONED:
- 100 Baggers by Chris Mayer: amzn.to/3Gf6N3K
- 100 to 1 in the Stock Market by Thomas Phelps: amzn.to/3nIESTA
- Wealth, War, and Wisdom by Barton Biggs: amzn.to/3K2WQaO
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[@WeStudyBillionaires]

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[@cricbuzz1123]

Read his book along with 100 to 1 twice in the last 2 years just for positivity and inspiration. Finding one 100 bagger or 100 to 1 or whatever you call them would be the real deal 😂

[@BradKaellner]

Loved the inside scoop on TPL!

[@clayfinck]

Thanks for listening Brad!

[@25sigmaa]

Reading the older book on this right now. It's such an eye opener. Will have to get your updated version. It's soannoying learning about it now (being mifdle aged) and been trading 11 years.

[@77magicbus]

Excellent interview with a great author.

[@WeStudyBillionaires]

Thanks for watching!

[@jadam42]

They mentioned that his portfolio is public and about ten holdings. Where can I find which those are. Sounds like Constellation, Copart, Topicus…

[@kartiklamba9487]

Can anyone link the Chuck Akre talk that Chris mentions?

[@danudesh8331]

Thanks for the insightful video. By any chance do you have any video/ links on tools which I use to filter out companies in the stock exchange based on the Earnings, P/E, dividend, ...... ? Highly appreciate

[@WeStudyBillionaires]

Kindly check out our very own TIP Finance tool: www.theinvestorspodcast.com/tip-finance/ Hope this helps!

[@freedomworks3976]

Fantastic job ❤ 🎊

[@WeStudyBillionaires]

Thank you! Cheers!

[@leonajorgen494]

amazinging video thanks for the update

[@WeStudyBillionaires]

Thanks for watching!

[@autonestegg4195]

The constellation went from $25 in November of 08 to over $2,600 today how do we get in for the next hundred bagger

[@JamesToler]

What is your thoughts on mixing in Cigar-Butts along with compounders? Getting more value for your dollar in small cap or inefficiencies in the market?

[@christopherstewart9874]

Ignore the cigar butts. They take time (analysis) and capital that could produce much more return over the long run from one great company and two or three almost great companies. You only need one great compounder, but if half your money is tied up in cigar butts you have less to invest in companies that might become 100 baggers.

[@Nedumgottil]

Has anyone found a link to the "An Investor's Odyssey" by Chuck? I can't seem to find it

[@a.nobodys.nobody]

Have you had better luck?

[@extremecouponing91]

I'm curious what type of moat is the ideal moat. Clearly they've all had success, but I'm interested in which one has had the greatest impact on the company's performance.

[@Aubatron]

Warren Buffet’s favourite examples are Coke, See’s candy, and Heinz for their brands, and CN rail because they have a monopoly on a lot of the rail system. He’s also been using Apple’s brand as an example lately. Seems like most good moats are related to brands and the public’s perception of what that brand means. For Apple for example, having the newest Apple phone is almost like a status symbol to a lot of people. They see having an android as meaning you’re broke. While other people just don’t want to deal with learning a new interface, because apple was the first to the game for smart phones. So Apple’s customers have a crazy amount of loyalty to the brand because of public perception.

[@brianbirnbaum9760]

The idea that you shouldn’t go into this business with the goal of beating the martlet is so true. To get good at this, like anything else, you need to be willing to fail. People that aren’t willing to fail and will continue to panic and not learn should only index. People willing to underperform and have a long time horizon stand to gain enormously from failing in the short term but eventually getting to the point where you can beat the market. This is never mentioned by index investors. They disregard the idea that you can be willing to underperform small in order to outperform big.

[@ray-mc-l]

chill guy, nice episode

[@WeStudyBillionaires]

Thanks for watching! 🙏

[@agaragar21]

Ok, there are some Pearls here .......Thamks !

[@rushoratiu6839]

what is the constellation company they are talking about? csi, stz?

[@pornstarpat]

CNSWF

[@erichrehm2903]

They talking about csi Constellation Software. Stz is Constellation Brands also a very good Stock and i think also a 100 bagger

[@KamilMauel]

Copyrighted in 2015, published in 2018. Still accurate? All survived covid, supply chain, sanctions, inflation, credit cost mess?

[@kennethalpvik7255]

Love your content, frequent listener to your podcast(s). But I have to ask you on your opinion on valuation, in regards to finding 100-baggers? You mention it briefly, that some companies “may look expensive” but it’s not too late if you really found a great company (/compounder). Studying many other great investors over the years, I’ve come to realize that you can never really ignore valuation - no matter how great a company is, or seems. For example, at a Price/Earnings multiple of about 115, Constellation Software doesn’t have much runway left when it comes to valuation… and it is (already) “priced to perfection” as the great company it is, as more and more investors have discovered this. But for me, it just seems the downside is enormous, should something go the wrong way.. I guess I have to read the complete book (of course) but do you have any take on this? How to approach Valuation of a company you believe could be a serious compounder over time? Many thanks again for all your work, best of regards from Sweden. 😃🙏🏼❤️

[@clayfinck431]

You’re right - valuation matters! But great companies give you more room on valuation than you might think. The P/E of 115 is deceiving. It doesn’t reflect economic reality in my opinion. For the earnings, I like to look at Free Cash Flow before factoring in acquisitions. Earnings can be deceiving since they account for amortization charges, which shouldn’t really be expensed since the companies they buy are still growing. Hope this helps.

[@25sigmaa]

100:1

[@RoyReyes]

Velo and Xen. just staying power with the founder.

[@ReflectionOcean]

Does anyone know the net worth or the annual investment returns of Mr Mayer?

[@Tendomcgoobin]

Yes

[@george6977]

👍

[@alldaywhodie]

Chris take a look at $ORGN - 100x bagger real talk

[@pornstarpat]

Do they have any revenue???

[@pornstarpat]

$VIOT-100 BAGGER COMING

[@BeautifulSouls5]

Sound like a good company but the chart looks really shitty.

[@radigeorgiev9662]

The real question is how many 100 baggers has he had... Hopefully this is answered in the vid : )

[@morten170]

Well your have to wait 20 years to get a 100 bagger, unless your are lucky and found Nvidia, monster ect. So not manny people gave 100 Baggers.

[@radigeorgiev9662]

@@morten170 Yes, but you don't write a book on it unless you have found some, I assume

[@simba1608]

I couldn't have said it better. Does it give me any credibility to talk about finding a 100 baggers if I never had one? Not really

[@duanejackson6718]

Finding 100 baggers is tough, funding suckers to sell the book to is easy.

[@radigeorgiev9662]

@@duanejackson6718 I did my research and it seems like the author only points at ex-100 baggers. He has hit as many 100 baggers as me and u - around 0 lmao

[@tixchicken]

has Chris Mayer had any 100 baggers?

[@fogden]

If Mr Bean and Eddie Cue had a baby…

[@abhinavmenon9140]

He no homo😂

[@justinbeghly1435]

I will never have a 100:bagger

[@guyredares]

you might, but it would be pure luck, nothing to do with whatever investment books you have read

[@thenutrientwhisperer3700]

Commenting, that buffet lost billions by selling his dizzy shares is not exactly true. I didn’t cost anything. He just lost out on making that money. When you talk this way, young and uneducated, investors miss understand what you’re saying. Please be more specific.

[@DONALD1951]

100-1…BIVI and SAVA…

[@Btouhy1]

Apple. Tesla now

[@ValentinaValentina-dw3bo]

VELO 3D ticker symbol VLD is backed by Elon Musk and could easily be a 100X !

[@mdo5121]

Talk about hype 100 bagger lol

[@morten170]

What do you mean?

[@mdo5121]

@@morten170 IT IS OBVIOUS I have owned the great stock of MICROSOFT since 1994 and it is only a 15 bagger 1500 per cent ....100 bagger lmao ....This is typical YT click bait.

[@rodbhar6522]

@@mdo5121 So your Microsoft stock has doubled 4 times. 6.5 doubles is 100x. You are 60% of the way there.

[@mdo5121]

@@rodbhar6522 That is not how CFI or investopedia states whats it is. a ten bagger is 1000% on ROI ....anyhow Peter Lynch who coined the bagger term talked in terms of ten baggers BUT THIS GUY LMAO tries to make himself out to be better than a legend with 100 bagger head line. you got to love you tube investing arrogance

[@themusic6808]

Microsoft is up 14,000% since 1994 that would make them a 140 bagger, for every 100% you make an a stock that’s a “bag” so a 100X would be if you can make a 10,000% return on a company. It’s not so hard if you hold a growing company for long enough to make a 10X return but a 100X return is much more rarer and generally requires decades and decades of compound growth and multiple stock splits. If you’ve held Microsoft since 94’ you should be doing alright lol

[@bigmoose143]

The most boring useless interview with a bunch of vanilla talk 😮

[@Tendomcgoobin]

Overrated book.

[@guyredares]

as are all of them

[@gusdrago]

The next 100baggers $KSOLVES (India) $ASTS $HIMS