Motley Fool co-founder David Gardner recently celebrated his first 100-bagger. After it was recommended on Sept. 9, 1997, for a split-adjusted $3.19 and before it reached 100-bagger status 16 years later, Amazon (AMZN 2.02%) shares (and shareholders) experienced a wild ride. This included becoming a 30-bagger during the tech bubble and then crashing to just a two-bagger.
Clearly, patience was rewarded.
In this interview, David sits down with his brother and co-founder Tom Gardner for a chat covering:
- What attracted David to Amazon in the first place
- The factors that can help us spot the next 100-bagger
- The danger of selling.
If you're interested in David Gardner's investing style, check out his Motley Fool Rule Breakers service.