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7investing Team Podcast: Finding 10-Baggers
"10-Baggers" are prime examples of the amazing power of compounding in investing.
The term was originally coined by legendary investor Peter Lynch in his book <em>One Up on Wall Street.</em> It refers to a company that goes on to return 10 times your initial investment, turning $1,000 into $10,000 or $100,000 into $1 million.
Lynch went on to become one of the greatest money managers of all time. He ran Fidelity's Magellan Fund for 13 years and achieved an incredible compound average growth rate of 29.2%. During his time at the helm, Lynch <a…
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