7 Comments
User's avatar
Phaetrix's avatar

Gardner’s record speaks for itself, but not everyone’s temperament fits the 100-bagger path. Holding through 60% drawdowns sounds noble until you’re living through one. Eventually every investor figures out whether they’re built for growth, dividends, or income — the key is knowing your lane and staying there.

Kevin's avatar

Self awareness is key. Every investor needs to find 'their' strategy

Tobias Hald Dencker's avatar

Fantastic piece. I like how you highlight that the path to 100-baggers is rarely smooth or obvious.

The insight that even the fastest winners took over a decade (with brutal drawdowns along the way) is a humbling reminder: staying power is what compounds the most.

Kevin's avatar

I like that last sentence. The hardest thing is to know when to hold and when to trim

Marçal's avatar

Sezzle ticks most boxes and is a strong candidate imo

derek's avatar
Oct 3Edited

Great post.

I needed this today

Andrew Chin's avatar

Hi Kevin , I traded in my PPE and tools and now I'm new to Substack. I write about markets, risk, and the stories we tell ourselves to stay comfortable. After the Close focuses on process over prediction, discipline over drama, and thinking clearly when the screens go dark. Appreciate a review of my process. Good or bad I can handle it. - Andrew