This story originally appeared on StockNews
I bought Amazon (AMZN) and Booking (BKNG) back in 2001 for phenomenal gains to date. Let’s discuss what those investments had in common and how that will help us find more big winners in the years ahead. Read on.
Today I want to go back in the time machine all the way to 2001 when I purchased the two best stocks of my investing career.
No...my intention is not to brag. Rather, I want to focus on what went right with these investments in the hopes of helping us all find more big winners in the future.
And the 2 Stocks Are...
Amazon bought @ $8.58 for a gain to date of 40,262%.
Priceline (now Booking Holdings) bought @ $14.62 and up 15,635% in total.
It looks so obvious now. But what’s so funny is that back then these stocks were tumbling lower. Especially Amazon which many experts said would NEVER make a profit given the low margin business and competition from others. Oh how wrong they were!
Let’s dig in further to figure out what each has in common.
Most obvious is that it was the early days of the internet and these were two pioneers of ecommerce. So riding a big wave of innovation is certainly are part of the winning equation.
Another similarity is that they were the early leaders in their respective categories. And often that early market share lead tells you who will dominate in the long run with lesser players falling by the wayside.
This is where investing legends like Lynch, Cramer and Buffett agree. Meaning to...
Read Full Story: https://www.entrepreneur.com/article/383600
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