In the last 2.5 years, my whole portfolio multiplied 450%

But it wasn't always like that.

I used to only buy cheap stocks.

Things changed after I learnt how to find and hold Multi-baggers.

Here's my top 9 tweets on finding 10-100 baggers, and holding them.

Enjoy!
1. Turning $3.6k into $1M

Someone else shared this, but their account went private.

I don't take any credit for this.

But it's a good lesson.

This guy from Reddit bought 300 shares of $AMZN at $12.50 in 2001. It has now become a 280 bagger.

Read his thought process here:
2. Real life 100 baggers by @mrjivraj

I love this.

What makes it awesome is seeing retail investors like you and me buy shares of $AAPL and $MSFT in the early days.

Is there luck? Yes.

But a good reminder that the real $$ is made in the holding.
3. Finding and holding a 100 bagger

This is a real life example of how @RamBhupatiraju held onto $LULU

It became a 100 bagger in 12 years.

Ram shares how he found it... how it went up and down...

And the lessons it taught him along the crazy ride.
4. Traits of multi baggers

@BrianFeroldi shares the common traits among multi baggers in his portfolio.

I personally look for similar criteria in my own investments, before I came across Brian's thread.

He distilled it well.
5. Multibaggers in microcap land

It takes a strong stomach to hold a multibagger.

Now, combine that with microcaps?

You need a heart made of adamantium.

@iddings_sean shares his emotional rollercoaster holding $XPEL and seeing it become a 46 bagger.
6. Why you don't need to find 100 baggers to get wealthy?

Ironic, I know.

This is supposed to be about 100 baggers.

But bear with me.

@yliownyc does a fantastic job explaining the difference between 10 and 100 baggers.

They come with different risks.
7. Even violent diarrhea can't stop a multi bagger

This is funny, but educational. By @ChrisPavese

It explains how multi baggers usually go "nowhere" for a while, before popping higher.

So give your company room for mistakes.

And expect speedbumps.
8. 120 bagger that grows by acquisition

I learnt so much about M&A by studying Constellation Software $CSU.

A lot of focus is placed on:

- people
- organization culture

Understanding this has widened my lens on what to look for in such cases:
9. Getting a 100 bagger is NOT all about growth

This is a good breakdown on the most important part of getting a 100 bagger:

Growth + Multiple expansion.

Best of all?

@hkeskiva also explains what happens to a stock when the multiple contracts:
BONUS:

2 books every investor must read to understand 100 baggers

Book 1: 100 Baggers by @chriswmayer

The best lesson I took away had nothing to do with multi baggers.

But instead the importance of NOT selling out because of fear and greed.

It's all your own psychology.
Book 2: 100 to 1 in the Stock Market by Thomas Phelps

This book was tough to read.

But there are many gems.

Thomas shares why small companies are fertile ground for finding multibaggers...

And not wasting your time on small cattle if you want to hunt big elephants.

Focus!
We're done.

Before we go, let me share a word of warning.

Good companies usually look expensive.

But, remember:

“Good stocks are seldom without friends. They are rarely cheap in the usual sense. Don’t let a seemingly high multiple scare you away from a great stock."
If you like this, follow me at @heymaxkoh

I share my journey on:

- How I attained financial freedom before 30

- My investing strategies and principles

- How I research companies and stocks

Also head back up to retweet this to refer back in future:

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More from @heymaxkoh

2 Nov
1/16 Thread:

Why I never use other people's numbers from their investment research?

I always do my OWN work.

Here's why you should too:
2/ I have a rule.

Even if the financial model or valuation done by another analyst makes perfect sense to me, I will always take the long way and still do it myself.
3/ I will go to the annual reports and 10Q to retrieve those numbers on my own.

And then see if I get the same conclusion.

I recommend you do the same.
Read 17 tweets
1 Nov
You know TikTok.

It's one of the world's fastest growing apps...

They hit 3 billion downloads in July this year.

What's their secret?

And how did they grow faster than social media apps like FB and IG?

Here's the 4-part playbook on how TikTok built their platform so rapidly: Image
Some background:

TikTok has reached 1 billion users faster than any other social media app.

Here's how they did it:

1. First be a paintbrush

2. Rapid feedback loops

3. Give everyone a shot at making it

4. Make a small group of people rich first

Let's breakdown each one. Image
1. First be a paintbrush

“When you want to grow early on, you want to be a brush, meaning you have to be very specific.

Later you want to be a canvas...

And you want all kinds of things to happen on this blank canvas.”

Alex Zhu, Co-founder of Musicly
Read 21 tweets
31 Oct
A compilation of my 10 favourite investing learnings from this week.

They include:

• Breakdown of Shopee $SE

• Traits of high quality businesses

• Analysis of $ROKU's current direction

• Nick Sleep's 2003 letter to Nomad shareholders

• Many more...

Enjoy!
1. Breakdown of Shopee by @punchcardinvest

He writes great breakdowns of Sea Limited’s 3 dragon heads.

This specific article covers Shopee.

It was actually published in early Oct.

But I only just completed reading it as it's pretty in depth.
punchcardinvestor.substack.com/p/sea-ltd-part…
2. What a great company founder looks like

@stjohnhuo and MJ host some of the best interviews with Asian investors.

I learnt a lot from this episode's guest:

Ng Zhu Hann

He shares his thought process on what he looks for in a management team.
Read 12 tweets
30 Oct
Confession:

I've often failed to hit many of the goals I set for myself. Because I didn't get clear on the true price I need to pay.

I took a long time to learn this.

If you struggle with this too, I hope it helps you feel a little better.

(STORY + 2 LESSONS)
STORY:

Some years back, I was chatting with an old friend at a hotel lounge over drinks.

She spontaneously ran over to the grand piano and started playing it.

She was flawless.

Playing song after song from memory. I watched in awe.
I started playing a mental movie in my mind of myself doing the same.

"How cool would it be if I could be like her and play songs on the piano at command?"

Must be such an enjoyable feeling.

I felt motivated in the moment to learn this skill.

But I never did anything.
Read 14 tweets
29 Oct
What makes Peloton special?

They're like WWE, live theatre, church combined.

I started buying positions since June 2020.

But 99% of investors don't get it

It's not about the digital subs or low churn.

None.

Here's 5 reasons why $PTON holds a special place in my portfolio:
1. Connection to instructors like Hollywood stars

2. Proven system for creating crowd pullers like WWE

3. Live theatre in disguise

4. It's all about the music

5. People work out to be entertained

Here's a breakdown of each:
1. Connection to instructors like Hollywood stars

Looking at their FB group...

I was amazed to see the level of connection people had with specific instructors.

You see users going gaga when they bump into instructors in NYC.
Read 23 tweets
28 Oct
5 hacks to research a company with only 30 minutes daily:

I've been lucky to be financially free before age 30.

And I did it by investing in stocks...

While still working 9-5.

The secret?

Learning how to allocate my TIME to research the companies I invest in.

Here's how:
Quick back story:

Recently I got over a dozen DMs from people.

The #1 common question?

They wanted me to share my daily schedule with them.

I found it funny.

Turns out, they were interested in how I find time to invest and research my companies given I work in a 9-5 job.
I guess the better question to answer here would be:

"How do I allocate my time so that I can research companies?"

That's what I'll answer here.

But before that, in case you are curious...

here's what my daily schedule looks like on a weekday and weekend:
Read 21 tweets

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