Wanted to share a sheet I prepared a couple of years ago when I was in Adelaide called The Monster Nursery where I summarised various 100 bagger books, podcasts and blogs. Go to the Framework tab.
It’s been a while since I’ve seen a post in this thread and there’s been a lot of talk about doom and gloom over the past few weeks.
If you want to hear something positive, this 14 minute video by Scott Philips, CIO at The Motley Fool, reminds us that the All Ords Index has compounded by 10% per year over 100 years, and over the last 30 years your investment would have grown 16 times.
He says it could be different this time, but he hasn’t lost faith in human capitalism and that if you have any spare cash, it’s time to put it to work (I guess Scott also has a vested interest in saying this).
He says if you are waiting for the bottom, you won’t find it, and if you wait until you know there will be no recession, the upside will already be priced into the market.
He reminds us that nobody knows exactly what will happen and the experts wearing black suits in fancy glass buildings are no wiser than we are. We have the advantage over fund managers as we are invested for the long term.
…At least it made me feel better about picking up a few beaten down businesses on my watch list today that could be more beaten down tomorrow.
I held OSH 20 years or so ago when it was 5c,
Tpped out around $8.5 pre pandemic from memory
LKE is recent one for some
"I have only been able to find PME and OCL as two 100 baggers on the ASX.
Are there others?"
It depends upon the timeframe. I can recall a number of small explorers that ultimately became 100 baggers, some of which have subsequently been taken over:
Sandfire Resources;
Extract Resources;
Sirius Resources;
Chalice Mining.
I'm sure with a bit more time I could add more to that list.
But the reality is that whilst most depend on good geological interpretation to begin with, its usually purely a matter of luck most of the 100 bagger explorers strike it rich.