Dream Tree · Research
100Bag
Names you hold through thick and thin. Don't sell. Eat the losers. If you keep a sell button you will use it on the winner. Locked 4 Sep 2026, equal dollars, never rebalanced. Mayer finds the acorns. Buffett keeps you in the chair.
How this can is traded
Don’t sell. Eat the losers.
Hold all twenty even if most will never 100×. If you give yourself permission to sell, you will sell the wrong one — the winner. The winner is the name that looks most ridiculous: too high, then too dead, then too high again.
- No sell button for a price. Down 70% is not a sell. Up 20× is not a sell. “The others are moving” is not a sell. Stops would have killed every historical 100-bagger.
- Zeros: you eat them. Size each stub so four or six graves are tuition, not ruin. Selling a loser at −80% because you are scared trains you to sell the next one at −80% too — and that one might be the 100-bagger.
- The only sell is a dead business, not a dead quote: fraud, the moat is actually gone, they cannot reinvest, a rascal is in charge. Be suspicious of yourself when you think you found that.
- Never rebalance. Never trim the winner back to 5%. One hit pays for the graves. The live test is built that way on purpose.