Kyle Harrison
to-read
100 to 1 in the Stock Market
100 to 1 in the Stock Market: A Distinguished Security Analyst Tells How to Make More of Your Investment Opportunities
- Author
- Thomas W. Phelps
- Published
- 1972
- Pages
- 302
- Recommended
- Once
Why it’s on the list: Thomas Phelps’s study of stocks that returned a hundredfold — what the great compounders had in common, and why buy-and-hold is the only strategy that can actually capture them. It is the most direct treatment of the arithmetic I keep circling: outcomes are made by holding, not by picking.
Where I heard about it
- Mohnish Pabrai — on his list of the six books that helped him most in learning to invest, which reached me through a thread by Daniel Mahncke (November 2023).
About this edition
Out of print for decades and revived by the long-term-compounding crowd; the analysis runs on pre-1970 data.
Connections
- Mohnish Pabrai — recommended it
- Compounding
- Long-Term Holds