SK
13.1K posts














Seven lessons from Christopher Mayer's "100 Baggers." Still one of the best books ever written on long-term investing. 1. Time does the heavy lifting. On average, 100-baggers took 26 years to multiply a hundredfold. The S&P 500 itself became a 100-bagger from 1982. You don't need a magic stock. You need to stay invested. 2. Start small. The average 100-bagger had a market cap of $500 million when it started. It's easier to grow from small to large than from large to huge. 3. Skin in the game matters more than résumés. Founder-led companies whose managers think of shareholders as partners did most of the lifting on Mayer's list. 4. Big ponds grow big fish. A company can only be a 100-bagger if its market is large enough to absorb that growth. Niche dominance is good. Niche dominance in a huge category is great. 5. Pricing power is the cleanest sign of a quality business. If a company can raise prices without losing customers, almost everything else takes care of itself. 6. High returns on capital, reinvested. The real compounding engine is a business that earns 25% on every dollar it puts back to work, year after year. 7. The hardest part is sitting still. Even the best 100-baggers had 50% drawdowns multiple times along the way. The investors who got the full ride were the ones who refused to flinch. Read it. Once read. Read it again.

STANLEY DRUCKENMILLER JUST EXITED ALPHABET ENTIRELY AND LOADED UP ON ARGENTINA Here are their updated largest holdings and every move they made in Q1 2026, as per @ralliesai Top 10 equity holdings: 🥇 Natera $NTRA: $613M 🥈 Insmed $INSM: $189M 🥉 Taiwan Semiconductor $TSM: $167M 4. YPF $REPYY: $150M (+433% shares) 5. iShares MSCI Brazil ETF: $132M 6. BBB Foods $TBBB: $110M 7. Alcoa $AA: $99M 8. NewAmsterdam Pharma: $98M 9. Sea Ltd $SE: $91M 10. STMicroelectronics $STM: $90M (+238% shares) New positions: - RSP S&P 500 Equal Weight calls: $158M - Broadcom $AVGO: $61M - Global X Argentina ETF $ARGT: $36M - Caris Life Sciences $CAI: $34M - Revolution Medicines $RVMD: $31M - Sandisk $SNDK: $24M - Humana $HUM: $24M - Twilio $TWLO: $23M - Jabil $JBL: $22M - Linde $LIN: $20M - Seagate $STX: $20M - Intel $INTC: $18M - ARM Holdings $ARM: $16M - Cloudflare $NET: $11M - Micron $MU: $8M Biggest adds: - Adma Biologics: +513% shares - YPF: +433% - STMicroelectronics $STM: +238% - Amazon $AMZN calls: +100% - Unity Software $U: +80% - Cleveland-Cliffs $CLF: +33% - Roku $ROKU: +29% - Natera $NTRA: +22% - Sea Ltd $SE: +17% Biggest trims: - Amazon $AMZN common: -94% (but added to call position) - MercadoLibre $MELI: -94% - Bloom Energy $BE: -82% - Wabtec: -68% - Purecycle $PCT: -66% - Lattice Semiconductor: -65% - Woodward: -64% - Restaurant Brands $QSR: -62% - Coupang: -61% - Teva Pharmaceutical: -59% Full exits: - Financial Sector $XLF: $301M (closed all financials ETF exposure) - S&P 500 Equal Weight common: $225M (rotated into calls) - Alphabet $GOOGL: $120M - Cogent Biosciences $COGT: $79M - Entegris: $71M - Docusign $DOCU: $70M - iShares EM ETF: $49M - Delta Airlines $DAL: $45M - ON Semiconductor $ON: $29M - Flutter Entertainment: $25M - Goldman Sachs: $24M - Chipotle $CMG: $14M - Philip Morris $PM: $11M - American Airlines: $9.8M - DoorDash: $8M The rotation: out of $GOOGL, $XLF, and airlines. Into Argentina ($YPF, $ARGT, $VIST), semis ($STM, $AVGO, $INTC, $ARM, $MU), and biotech.












