The Role of luck
There is no amount of security analysis that can tell you a stock will be a 100-bagger. It takes inference and imagination of what a business can achieve in the future. Nobody on the planet bought Apple Inc. on December 12th, 1980 thinking "Oh ya the iPod and iPhone will take this company to the stratosphere." There was no concept of the iPod and iPhone in 1980. I think beepers had not even been invented yet.
But you could buy Apple Inc. on December 12th, 1980 with the conviction that the founders were visionary eccentrics that could possibly make the company successful for a long time. And then been handed amazingly fortunate luck that the company came up with the iPod and iPhone and sent the company stock to the moon.
Luck is a major factor in capturing a 100-bagger. But you don't get it unless your in it AND hold it.
It is impossible to proactively Buy Right and Hold. The best you can do is Try to Buy Right and Hold. Then if it does work out and you get a 100:1 return - then we can retroactively say we Bought Right and Held.
You will be wrong more than you are right. That's guaranteed.
But if you get lucky, the winner(s) will bring in more than enough dough.
2nd level thinking.