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

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.

▶️ RELATED EPISODES:

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.

📖 BOOKS MENTIONED:

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[cricbuzz]

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 😂

[jadam]

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

[autonestegg]

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

[sigmaa]

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.

[magicbus]

Excellent interview with a great author.

[kartiklamba]

Can anyone link the Chuck Akre talk that Chris mentions?

[dansh]

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

[kennethalpvik]

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. 😃🙏🏼❤️

[Nedumgottil]

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

[ReflectionOcean]

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

[brianbirnbaum]

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.

[extremecouponing]

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.

[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?

[KamilMauel]

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

[leonajorgen]

amazinging video thanks for the update

[rushoratiu]

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

[radigeorgiev]

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

[RoyReyes]

Velo and Xen. just staying power with the founder.

[thenutrientwhisperer]

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.