Chris Mayer - I Do Think The Biggest Challenge…Is Keeping It, Holding On To It | #165
In episode 165, we welcome our guest, Chris Mayer. Meb starts off asking Chris about his background, then shifts to the subject of 100 baggers. Chris provides insight into his work on analyzing companies that have returned 100-to-1. He discusses the broad characteristics of 100 baggers, and the patience required to get through the challenging journey of the roughly 20 years he expects it to take for those kinds of companies to earn that return. Next, Chris talks about the Bonner family, the founding of Woodlock House Family Capital, and the fund he’s running. Meb then asks Chris to walk through his world view
Key Points
- Investing in 100-baggers, stocks that return 100 times the investment, requires finding companies capable of compounding at high rates and reinvesting those returns over long periods, often spanning decades.
- The ability to hold onto investments through significant drawdowns and periods of underperformance is a critical challenge in achieving outsized returns like those of 100-baggers.
- Woodlock House Family Capital focuses on concentrated, long-term equity investments, often in smaller companies with strong owner-operator presence and the potential for high compounding returns.
Resources: 100 Baggers: Stocks That Return 100-to-1 and How To Find Them (Mayer) 100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities (Phelps) Invest Like the Best – Chuck Akre – The Three-Legged Stool – [Invest Like the Best, EP.135] World Right Side Up: Investing Across Six Continents (Mayer) horizonkinetics.com gwinvestors.com greenhavenroad.com scuttleblurb.com stockspinoffinvesting.com
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Transcript
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