COSC: Concentrate On the Strongest Candidates
Every generation has its success stories: the Microsofts, Intels, and Wal-Marts that seemingly came out of nowhere to become mammoth enterprises and make their shareholders rich.
Finding the next Microsoft is the Holy Grail for growth investors. But you don't have to find the next Microsoft to be successful at growth investing.
In the end, share prices follow earnings. If you can find a company growing earnings, and hence share price, 15 percent annually, you'll turn $1,000 into more than $4,000 in 10 years. Find a stock growing 20 percent annually and you'll grow $1,000 into more than $6,000; 25 percent annual growth turns $1,000 into more than $9,000 in 10 years.
Despite the 2000/2001 downturn, ...
Get Fire Your Stock Analyst! Analyzing Stocks on Your Own now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
