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Last edited 5 months ago
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#Exactly what is a 10-Bagger?
Added 5 months ago

Let's say, in a humble brag kind of way, that I bought my son DRO shares at 31cents for his 11th birthday. I also bought for myself IRL and on SM the same day.

Today DRO have closed at $3.24. Is that ~9.5 bags or 10 bags and change?

$0.31 * 10 = $3.10.. but at that price you're making $2.79 profit on a 31c investment which is only a gain of 900%.. So, which is it?

As a long-term investor this is the definition of a stupid question.. I really don't care, except my investment style has been pretty conservative, while I've been investing since turning 18 (last century), I've never come close to a genuine, short term, capital gain only type, 10-bagger.. 

I've generally only invested, as much as I could stomach, in boring blue chips that had a run of bad news but where my research and conviction pointed to there not being any real danger. Think BHP after Brazil, RMD after Ozempic, FMG @ $4 after almost going tits up. Over the years I've only invested in one or two start-ups like AR9, so I didn't really give myself a chance, although AR9 will get there one day!!

It was only after becoming a Strawman member in Sept 2023 that I was introduced of the likes of DRO and many other small to mid-cap opportunities. 

Despite DRO's rapid gains I’m just going to continue to lean into Scott Phillips’ advice on the Pod Machine last week that I do nothing.. literally nothing.. As a lazy investor it works well for me, I don’t mentally bank the paper gains and I don’t mourn the paper losses, because I’m not smart enough to ever time the top or bottom of the market. 

At some point DRO will retreat well below today’s level and that’s completely fine, I think I've got my 10-bagger badge.. What really matters is my thesis that it will be a MUCH bigger company in 5 years than it is today.