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

<p>On today’s episode, Clay sits down with Chris Mayer to discuss the lessons from his book - 100 Baggers.&nbsp;&nbsp;</p><p>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.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro</p><p>04:16 - The primary characteristics of companies that reached 100 Bagger status.</p><p>07:08 - How Chris views valuation when purchasing high-quality companies.</p><p>09:51 - How Chris assesses the durability of a moat.</p><p>18:15 - Why stocks are one of the best long-term protections against calamity and chaos.</p><p>44:27 - Why Chris prefers to own companies with management teams that own substantial portions of the company’s stock.</p><p>35:13 - Why Chris chose to concentrate his fund into only 10 holdings.</p><p>37:04 - Chris’s assessment of Constellation Software and why it’s one of his favorite holdings.</p><p><br></p><p><em>Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.</em></p><p><br></p><p><strong>BOOKS AND RESOURCES</strong></p><ul><li>Tune into our previous episode covering <a href="https://link.chtbl.com/WSB536" rel="noopener noreferrer" target="_blank"><strong>The Joys of Compounding</strong></a> or watch the <a href="https://www.theinvestorspodcast.com/episodes/buffett-and-mungers-principles-and-mental-models/" rel="noopener noreferrer" target="_blank"><strong>video</strong></a>.</li><li>Check out our recent episode covering <a href="https://link.chtbl.com/WSB531" rel="noopener noreferrer" target="_blank"><strong>Mark Leonard's Letters and Constellation Software</strong></a> or watch the <a href="https://www.theinvestorspodcast.com/episodes/mark-leonard-the-best-capital-allocator-youve-neve