Quote · Excess Returns
The 100 Year Thinkers: Chris Mayer on SpaceX, AI Reckoning, and Why Early Is Overrated
Where this was said
Why investors do not need to be early when a business is real
At 18:31 · chapter starts 16:00
Mayer's 100-bagger research shows that exceptional businesses offer many entry points; waiting for financial proof of traction eliminates most risk without sacrificing most upside. [1] — Chris Mayer "The 100-bagger research is clear: if a business is genuinely exceptional, you'll have many entry points. Waiting a few quarters to see real…" 18:00
The 100-bagger research is clear: if a business is genuinely exceptional, you'll have many entry points. Waiting a few quarters to see real traction show up in the financials is not going to cost you a 100-bagger.
If a business is truly exceptional, investors have many 'bites at the apple' and do not need to rush in at the earliest opportunity — waiting for confirmation rarely costs a fatal amount of upside.
