I am not sure how much sense that list makes. Is the list comparing apples to oranges? Different investors have different times of entry into a particular stock. A company that gives zero or negative returns to one investor could be a multi bagger for a different investor based on when they bought the stock of the company.
Also, I find that investing in a “good” company that hasn’t gone anywhere for a long period of time has yielded good returns as long as the company’s fundamentals hadn’t changed. A good example is Wonderla Holidays. I remember it was at 350 levels then it went nowhere for sometime and then went to 100 levels during covid and now is trading at 900 levels. Same goes for a company like NMDC although I have been in it for 10 years now for a little better than FD level returns. I think eventually it will pay just to stick to a good company for a long time.
One psychological mistake I have to constantly fight back, in my case, is that I want the stocks I invest in to go up sooner. However, in the markets, some stocks take 1 year and some take 10. Some stocks go up in 1 year by 1000% and then goes nowhere for 10 years following that and then might go up again by another 500%. If we don’t stick to a company long enough, we will never find a 100 bagger!
Companies build value by reinvesting internally or in other businesses. Markets take their own time to give a correct valuation (or inflated valuation). As the accomplished value investors have shown us, we just have to keep searching for dollars available for cents. Our entry price matters a lot but so does averaging. Many times, we buy into a stock and stop buying when the same stock becomes a better deal.
Coming back to the list, most of the companies in the above list are multi baggers and market leaders. Looks like a good list for stock picking. Sometimes it seems like we can find value exactly in these type of stocks because they seem to be going nowhere.
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