TIP556: 100 to 1 in the Stock Market by Thomas Phelps

<p>On today’s episode, Clay reviews Thomas Phelps’s book - 100 to 1 in the Stock Market, and also highlights writings put out by Akre Capital Management.</p><p><br></p><p><strong>IN THIS EPISODE YOU’LL LEARN:</strong></p><p>00:00 - Intro.</p><p>02:30 - Common characteristics of companies that increased their share price by 100x.</p><p>11:11 - Why most investors aren’t able to hang onto their winners as Phelps suggests.</p><p>14:05 - Why good stock selection is much more important than good stock market timing.</p><p>31:36 - Mental models Phelps uses to figure out the odds when investing.</p><p>42:47 - Why we should invest with companies that align with our own values.</p><p>45:29 - When to look for potential 100 Baggers.</p><p>47:39 - The four categories of companies that were 100 Baggers in Phelps’s study.</p><p>52:53 - Who is best equipped to be individual stock pickers.</p><p>56:57 - Chuck Akre’s three-legged stool approach.</p><p>60:15 - Takeaways from two of Akre Capital’s brilliant articles - ‘Why Compounding is so Difficult’ and ‘The Art of (Not) Selling’.</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>Thomas Phelps’s book - <a href="https://www.amazon.com/dp/B09425QXWW?&amp;linkCode=ll1&amp;tag=tipnetwork-20&amp;linkId=36faa6d79ef9b202834e9fa5324f2f6b&amp;language=en_US&amp;ref_=as_li_ss_tl" rel="noopener noreferrer" target="_blank"><strong>100 to 1 in the Stock Market</strong></a>.</li><li>Akre Capital Managements writings: <a href="https://www.akrecapital.com/why-compounding-is-so-difficult/" rel="noopener noreferrer" target="_blank"><strong>Why Compounding is so Difficult</strong></a> and <a href="https://www.akrecapital.com/the-art-of-not-selling/" rel="noopener noreferrer" target="_blank"><strong>The Art of (Not) Selling</strong></a><strong>.</strong></li><li>Check out our newly released <a href="http://theinvestorspodcast.com/mastermind" rel="noopener