Hi Multis
Here it is, the new Potential Multibaggers pick!
Just like so many other picks, this one is fully focused on the future. What I mean is that I don’t know whether the stock will be up next year or the year after that, but I have found enough evidence to believe that over a 5+ year period, this stock has significant potential.
And it’s a story of dedication. As many of you know, I spent years as a teacher of 15- to 18-year-olds in Belgium. But I’ve always done more than I was asked. I did unpaid extra volunteer hours because I wanted to help students and guide them through the jungle of possibilities in higher education and beyond. And I showed them what was possible if they really wanted to realize something.
Over the years, I’ve come to realize that these conversations with students have given me an edge in investing as well. I can see drive and separate it from fake drive. What I mean is this. People who are really obsessed with something will almost always succeed because they endure years of disappointment without stopping. It’s like that quote attributed to Winston Churchill.
Some are driven by the outcome. But real visionary founders don’t care too much about a final outcome. An outcome is just the start of something new. Look at Elon Musk. He could retire as the richest man in the world, but still, he keeps grinding every day. It’s a process-driven obsession. Visions are easy, living for years or decades chasing that vision, that’s what sets apart the real winners from the losers.
In that sense, people often misread founders. It’s not the eloquent loudmouth who is the best founder, although many visionaries are not afraid to talk about their beliefs and passion. The main filter is: Can they keep going? Even when most have already stopped?
I remember a 15-year-old student. He bluntly said: “I will be a photographer.” Not “I’m dreaming of becoming a photographer” or “I really want to become a photographer.” No: “I will be a photographer.” There was no other way and he organized his whole life around this conviction.
Well, guess what? He’s 30 now and one of the most successful photographers in Belgium, working with celebrities. He often takes pictures of rock stars, TV celebrities, and he took the official pictures of the Belgian Red Devils for the most recent World Cup. His name is Damon De Backer, if you want to look him up. Here’s his picture of Kevin De Bruyne, for example.
Source, published with Damon’s permission
So, why did I write about this? Because so many founders were like this ex-student. Full of determination, willing to keep going when everyone else stopped, organizing their life around their obsession.
The founder/CEO of this company is definitely one of those people. And that is the founder-CEO profile you want. I’ve listened for hours and hours to him and what he has built so far already is impressive. But I believe, just like him, that this is just the start.
Just like many other Potential Multibaggers stocks, the stock is already up a lot and many will think that they “missed it.” Even when I know that some of the best stocks have this characteristic, I still sometimes have that thought. But I know I have to put that thought aside and just go for it.
I want to point out, as I always do, that I have an advantage over you. I’ve done the research, and not just over the last few weeks. This company has been on my radar for a long time. It was on the Stocks On My Radar list for a year and a half. Recently, I intensified the research and I really loved what I found. That means I may be in a different place than you are right now when it comes to conviction, and that’s completely normal. It may take you a while to get there but with these articles, I’ll try to help you.
The stock is not particularly cheap, as is often the case with stocks of outstanding companies. It’s essential to have enough conviction to hold or add to your position if a stock drops. And as a real Potential Multibagger, it will drop. That’s why I scale into positions over time, and I’ll be doing that here too.
But enough introduction. Let’s go to the meat of this article.
The new Potential Multibagger is...
My previous pick is up 63% since I made it a Potential Multibagger four months ago. That could happen to this pick as well.
Don’t want to miss another Potential Multibagger?