100 to 1 in the Stock Market by Thomas Phelps discloses the secrets and strategies to increase your wealth one hundredfold
In this issue:
- Few of the very useful points on â€˜The Power of Growth: Exploring 100Xâ€™.
- Whatever is good for long term mostly provides good returns in short/ medium term alsoâ€¦â€¦â€¦
Some very useful points on â€˜The Power of Growth: Exploring 100X'
Here are some very useful points from the book â€˜100 to 1 in the Stock Marketâ€™. In the book Thomas Phelps discloses the secrets and strategies to increase your wealth one hundredfold: -
a. Equity of the company must be small. Big equity goes against great growth.
b. The company should be relatively unknown.What will it profit a man to buy a stock whose earnings quadruple in the next five years if he has to pay for four times the current earnings now?
c. It must have a unique product that would do an essential job better, cheaper, and/or faster than before.
d. It must have a strong, progressive, research-minded management.
e. To make money in stocks you must have the vision to see them, the courage to buy them and the patience to hold them. â€œPatience is the rarest of the three.â€
f. Far more money can be made by good stock selection than by good stock market timing.â€
g. It is more important to be right than to be quick.
h. What one buys in the stock market is much more important than when he buys it.
i. No one knows or ever can know for sure what the future holds. In investing, we deal always with probabilities and possibilities, never with certainties.
j. Risk is an essential element in the investment quest for capital gain. Donâ€™t be dismayed by a loss. Recognize it as one of the costs without which you could not have net gainâ€.
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