Imagine putting, say, 10 stocks that you’ve researched and feel comfortable with into a virtual coffee can for 10 years. What would happen?

Some of the stocks would likely have modest gains, some would flame out, and at least one or more would return 100-fold.

That scenario is based on research going back decades by the late Thomas Phelps into so-called 100-baggers.

Chris Mayer, co-founder and Portfolio Manager at Woodlock House Family Capital, picked up Phelps’ mantle and authored 100-Baggers: Stocks That Return 100-to-1 And How to Find Them.

It’s one of Dave Barr’s favourite books. Here are some of the lessons learned from 100-Baggers from the President, CEO and Portfolio Manager of PenderFund Capital Management.

Warren Buffett

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