Multi-baggers (2)

Just For Thinking ....


Read? Multi-baggers

Peter Lych:

You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.



I think the secret is if you have a lot of stocks, 

some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

you produce a fabulous result.  

And I think that's the promise to some people. 

Some stocks go up 20-30 percent and they get rid of it and they hold onto the dogs. And it's sort of like watering the weeds and cutting out the flowers. You want to let the winners run. 

When the fun ones get better, add to 'em, and that one winner, you basically see a few stocks in your lifetime, that's all you need. 

I mean stocks are out there. When I ran Magellan, I wrote a book. I think I listed over a hundred stocks that went up over ten-fold when I ran Magellan and I owned thousands of stocks. I owned none of these stocks.

I missed every one of these stocks that went up over ten-fold. I didn't own a share of them. And I still managed to do well with Magellan. So there's lots of stocks out there and all you need is a few of 'em. So that's been my philosophy. You have to let the big ones make up for your mistakes.

In this business if you're good, you're right six times out of ten. You're never going to be right nine times out of ten. This is not like pure science where you go, "Aha" and you've got the answer. By the time you've got "Aha," Chrysler's already quadrupled or Boeing's quadrupled. You have to take a little bit of risk.



CW8888:

Can this be true for long only retail investors in Singapore?


What happen to Uncle8888 since Jan 2000 when he became deadly serious with investing and trading in Singapore stock market?


Peter Lych's Secret:

I think the secret is if you have a lot of stocks, 

some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

you produce a fabulous result. 



Uncle8888's Secret:

Read? Uncle8888, how do you find multi-bagger stock? (Re-visit)


Can 54 different stocks in SGX mean a lot of stocks?

Two ZERO baggers! Deadly painful!!!

18 Bleeding Hearts!!!  Even with doses of Panadols couldn't stop the sharp pain from these bleeding hearts.

Just a few multi-baggers will help to forget all the past pain and be wise enough to avoid picking up future ZERO baggers is enough for him.



A few multi-baggers may do the magic.

The Losers and winners

 

What we have in the market is never ours yet!!!

Did you notice what was taken back by Mr. Market?