Hitting investment home runs
How do you get the 10 or 100-bagger in your investment?
How do you hit an investment homerun? In other words, to get a multi-bagger return?
Simple! To hit a homerun, or to get a 10-bagger, you first need to let it become a 2-bagger.
Then you need to let it become a 3-bagger, a 4-bagger....and so on and so forth.
What am I trying to say?
Don't be too eager to give in to the urge to take profit, because you are just shortchanging yourself when you are on to a winner. I've seen too many people take profit too early because of the urge to "bank profits" and "feel good".
In my years of experience, I have found that it is not easy to find GREAT companies. If you do, don't let go too soon.
If not, Strike 1!