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 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.
The article Motley Fool Co-Founder David Gardner on His First 100-Bagger originally appeared on Fool.com.David Gardner owns shares of Amazon.com. The Motley Fool recommends Amazon.com. The Motley Fool owns shares of Amazon.com. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.