TIP556: 100 to 1 in the Stock Market by Thomas Phelps

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 2 June 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On today’s episode, Clay reviews Thomas Phelps’s book - 100 to 1 in the Stock Market, and also highlights writings put out by Akre Capital Management. IN THIS EPISODE YOU’LL LEARN: 00:00 - Intro. 02:30 - Common characteristics of companies that increased their share price by 100x. 11:11 - Why most investors aren’t able to hang onto their winners as Phelps suggests. 14:05 - Why good stock selection is much more important than good stock market timing. 31:36 - Mental models Phelps uses to figure out the odds when investing. 42:47 - Why we should invest with companies that align with our own values. 45:29 - When to look for potential 100 Baggers. 47:39 - The four categories of companies that were 100 Baggers in Phelps’s study. 52:53 - Who is best equipped to be individual stock pickers. 56:57 - Chuck Akre’s three-legged stool approach. 60:15 - Takeaways from two of Akre Capital’s brilliant articles - ‘Why Compounding is so Difficult’ and ‘The Art of (Not) Selling’. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Thomas Phelps’s book - 100 to 1 in the Stock Market. Akre Capital Managements writings: Why Compounding is so Difficult and The Art of (Not) Selling. Check out our newly released TIP Mastermind Community. Check out our recent episode covering the The Outsiders by William Thorndike, or watch the video. Follow Clay on Twitter. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Sun Life The Bitcoin Way Meyka Sound Advisory Industrious Range Rover iFlex Stretch Studios Briggs & Riley Public American Express USPS Shopify HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

Click on a timestamp to play from that location

0:00.0	You're listening to TI-P.
0:03.0	Hey everyone, welcome to the Investors Podcast.
0:05.5	I'm your host today, Clay Fink.
0:07.3	And on today's episode, I'm going to be covering a book by Thomas Phelps called 100-1 in the
0:12.7	Stock Market.
0:14.0	As someone who's on the front end of their investing journey, I want to take full advantage of the
0:18.6	many years of compounding ahead for me, so I've been reading books to help equip me to
0:23.0	discover companies with relatively low risk, but a long runway to grow and compound.
0:29.2	Along with Chris Mayer's book, 100 Baggers, this book by Thomas Phelps is another great
0:34.0	one to help me continue to internalize these concepts related to buying and holding long-term
0:39.2	compounders.
0:40.2	Towards the end of this episode, I chat about some of the things I've been revisiting
0:44.0	recently from Awkry Capital Management's blog, and that's had some really great pieces
0:48.6	as you'll find later on in this episode.
0:51.2	And at the very end of this episode, I also mentioned the TI-P mastermind community that we've
0:55.7	recently launched in April, so be sure to stick around until the end to hear more about
1:00.2	that.
1:01.2	Without further delay, I hope you enjoyed today's episode covering Thomas Phelps' book,
1:05.6	101 in the Stock Market.
1:08.5	You are listening to the Investors Podcast, where we study the financial markets and read
1:16.8	the books that influence self-made billionaires the most.
1:20.0	We keep you informed and prepared for the unexpected.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Stig Brodersen, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Stig Brodersen and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.