The Ultimate Guide to Finding 100 Baggers | Lessons From Chris Mayer (TIP633)
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- Опубліковано 1 сер 2024
- Clay shares the most important lessons he’s learned from Chris Mayer.
Chris Mayer is the author of 100 Baggers and the co-founder and portfolio manager of Woodlock House Family Capital.
IN THIS EPISODE YOU’LL LEARN:
00:00:00 - Intro
00:03:37 - Cloning
00:08:29 - Humility
00:09:58 - 100 Baggers
00:19:10 - Winners keep on winning
00:21:37 - How Chris Invests
00:29:18 - How Do You Know
00:33:26 - Macro Forecasts
00:35:35 - P/E Ratios
00:40:04 - Long-Term Thinking
00:48:14 - Serial Acquirers
00:54:40 - TIP Mastermind Community
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▶️ RELATED EPISODES:
- Long-Term Compounding w/ Chris Mayer | Constellation Software, Topicus, & Lumine: • Long-Term Compounding ...
- 100 Baggers: Stocks that Return 100-1 w/ Chris Mayer: • 100 Baggers: Stocks th...
- An Investor's Guide to Clear Thinking w/ Chris Mayer: • An Investor's Guide to...
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📖 BOOKS MENTIONED:
- 100 Baggers by Chris Mayer: amzn.to/3Vbhxbv
- How Do You Know? by Chris Mayer: amzn.to/3V7ykfj
- 100 to 1 in the Stock Market by Thomas Phelps: amzn.to/3V8YK0k
- The Outsiders by William Thorndike: amzn.to/4at8BSX
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A lesson I learned from this video: I often confused about the following two situations: 1) buying a temporarily hyped-up company at a historic high price in FOMO. 2) buying a long-track-record consistent high quality company at a historic high price. They both buying at a high price, but the latter will more probabable to achieve long-term success than the first. Therefore, buying a company at ts historic high price is not always a bad move. Of course, waiting for a dip, or correction would be great, but most of the high quality companies seldom have those. Thanks, Clay!
This is me with NVIDIA, waiting for a dip forever because I don't want to chase
Glad you enjoyed the episode! 💡
Great points. Think many people think from a value investing perspective so want cheap or undervalued stocks. Growth stocks are rarely at a discount and usually at 52 week highs.
How do you evaluate a growth stock that will keep compounding? High gross Margins, high ROIC, consistent and growing free cash flow, increasing revenues at least 15% a year, stock buy backs only when it is cheap for the company to use the money that way, competitive advantage or moat that other companies have difficulty to get into same area, high insider ownership, long growth runway 15-20 year to achieve 100 bagger status, most would have to be a microcap or small cap to have enough long runway to grow. It’s much harder to increase growth in larger cap companies than small caps.
Thanks so much for watching! 🙏
Hello Clay and thank you for these wonderful lessons.
For topicus, shouldn't we calculate the FCF that we receive, excluding minority management interests?
1,48 billion seems to include them. (43:40 on the video)
I find 1.09 billion by discounting the expected flows from 2024 at 20% for 10 years that come back to us, so I think the discount is less important today.
That is right -thank you for flagging this! The minority interest looks to deduct ~4% from the FCF.
Great lessons. The backdrop section was amazing.
So happy to hear that! ♥
Where can we see Chris portfolio?
you can just google
Yeah but re Copart, Chris also mentions that buying cos at lower Mc easier to 100x not at 50bn where it currently is at. That means if I bought Copart now even to get 10x it has to grow to 500bn. How many cos can achieve that and not to mention the concave relationship between P&Q so need more buyers and prolly longer time to achive 10x for the later comers. The math doesnt add up. Good for early entries not for later ones. Odds are significantly lower as it gets bigger. So only suckers will get in? Happy to be corrected mate! Love your channel btw.
Clay, I love your coverage of Chris Mayer and stocks in general. However, Copart may be about to be disrupted in terms of their moat. Tesla has damn near got the full self driving thing perfected. Yes, it may not be for 2 to 5 years until it is fully operational. But it is going to happen. I believe sooner rather than later. Chris doesn't seem to be worried about it, however. I like most his stocks but I have to think for myself on that one. Tesla is spending over 10 Billion this year on FSD!!! It is going to happen.
LOL!!
hey i have been hearing to your podcast lately and i´ve been wanting to start investing as soon as possible but i have no clue where and how to start, can you maybe recommend some websites or apps that are good for investing? thank you very much
Hi there! Check out our stock investing course to get started: theinvestorspodcast.podia.com/how-to-get-started-with-stocks 🙌
Great program but the Topicus market value you use excludes minority ownership due to CSU while your FCF is the consolidated number.
What are the 11 stocks in Chris Meyers portfolio?
Google his name and 13f
@@ElLotdog Googled it there is no current 13F for his investment vehicle Woodlock Family Capital. If you find it let me know.
I know CRPT, DNP, LIFCO, BRO, CSU, TOPI, TEQ...
@@MeBee-fl2ow Also, Lumine.
@@MeBee-fl2ow Maybe Clay could fill in the names that are missing.
The GOAT
Thank you for watching! 😎
Chris is holding Shopify with ROIC of -14.671%, any ideas what's his thesis there?
He doesn’t own Shopify.