The Philosophy of Stocrates. Looking for Stocks That Bring Maximum Income

"The Philosophy of Stocrates" is the development of ideas by financial analyst Thomas Phelps, who wrote a book about stocks with tenfold returns in 1972. He referred to these stocks as those that yield $100 for every dollar invested. Christopher Mayer decided to use Phelps' approach to analyze the modern American market. He thoroughly examined 365 companies whose stocks grew a hundredfold in value from 1962 to 2014 to understand whether there is a systematic way of long-term investing that allows for such impressive returns. According to Mayer's hypothesis, in the search for these tenbaggers, one should focus on ethical companies whose activities are aimed at improving human life and adhere to the principle of "buy and hold." At the same time, the choice of specific industries does not matter. The main idea of the "Philosophy of Stocrates" is as follows: an investor will make the right decision if they stay still to run fast. To support his hypothesis, the author provides arguments based on a deep understanding of the market and a thorough study of the experiences of various companies.

Investing should be a long game. There are approaches and investors who have outperformed the market significantly over long periods. They simply rarely do this continuously.

People do foolish things because they are bored. They feel they must do something.