It has been an incredible eight-year bull market, marked by some of the stock market’s greatest ever success stories. I would bet that a great many experienced investors (such as yourselves, I assume, dear readers) have landed some pretty big fish by now. You know the positions I’m talking about, the ones up 100%, 200%, or even quite a bit more, that you glance at every day, but never really expect to sell. Some of you may even have a ten-bagger or two, something I do not, (though my NVDIA (NVDA) is getting very close).
I should mention that I’ve held NVDA for fifteen years, and in that time, it has done everything that a stock can do to try to buck off a stubborn investor. It has had some sharp drops, but its most threatening assaults were actually the years, often coming several in a row, in which it did nothing. I bought the stock with a theory and a discipline in mind. Noting that much of the brightest talent in the chip industry had gone into making GPUs, I concluded that GPU companies would ultimately be in a position to power a great many other things, so, I concluded, the only thing that would trigger me to sell NVDA was if the company ever lost its status as the maker of the most highly desired and powerful top-of-the-line GPU. I didn’t know then that NVDA’s breakout would come via self-driving cars and crypto-currency mining, as those things didn’t exist, but I knew I didn’t know that, and that’s important. Some bets look weaker, others stronger, when you factor in your profound ignorance of the future.
So, we are here today to find a new ten-bagger, a new life-changer, a new blue horseshoe, a new horse. Yes, I need a new horse at least as badly as you do. (How many times have I talked about NVDIA now?) So without further ceremony, today’s picks. Well, just one more thing: if you buy any of the stocks on today’s list, you are probably going to lose money. In fact, there is a not insignificant chance that you will lose most, or even all, of your money. How’s that for a disclaimer?