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Thomas William Phelps
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100 to 1 in the stock market;: A distinguished security analyst tells how to make more of your investment opportunities,

4.29  ·  Rating details ·  265 ratings  ·  22 reviews
Of all the books on investing that I've read over the years, this one was at once, the most pleasurable and most challanging to my own beliefs. Mr. Phelps spent over 40 years in and around Wall Street and the world of investing. His activities included being a private investor, columnist, analyst, author and financial advisor. His career spanned from just before the Crash ...more
Hardcover
Published January 1st 1972 by McGraw-Hill
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Average rating 4.29  · 
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Start your review of 100 to 1 in the stock market;: A distinguished security analyst tells how to make more of your investment opportunities,
Mary Pat
Mar 02, 2019 rated it really liked it
I think there's a lot of good insight in this book - I'm not particularly impressed with the list of stocks that grew from 1 to 100 (the oldest ones were from 1932 - go to 1971... essentially about a 12% per year return). The value comes from pointing out some really fundamental aspects of financial markets and how people actually behave in those markets. So I recommend skipping over the endless figuring of numbers (I'm a numbers person, and it made -my- eyes glaze over)... and actually read if ...more
Jwack
May 11, 2018 rated it it was amazing  ·  review of another edition
The book starts off dull acting like a database of stock returns in the past. I thought it boring for about half the book when the action really starts.
The topics he talks about are many a times missed out on in stock market books. He talks a lot about temperament, egonomics and how an egotist would rather lose money on his idea than make money on someone else's. He decomposes returns over and over into PE expansion and earnings growth and seems to suggest - if you want 100 times an investment
...more
Sandeep
Sep 24, 2017 rated it it was amazing  ·  review of another edition
Every Buffet and Munger fan must read the book. Although Mr. Phelps tries hard to make the case for a 100 to 1 stock increase giving lots of examples, its the later part of the book where it gets interesting. Considering the book was written 1971, I consider it to be way ahead of its time as many of the ideas about investing discussed in the book are as relevant today as they were back then. A good read.
John
This review has been hidden because it contains spoilers. To view it, click here.
Tirath
Dec 15, 2014 rated it really liked it
Real good book - difficult to get and expensive.
The book is simply focused on the inability of man to sit quietly in a room alone, peppered with beautiful examples and anecdotes of how stock of some companies, if you just held on to them even after they fell more than 50%, one would have still made 100x
Over long periods of time, he conveniently doesnt mention that it amount to 'only' 12-14% odd, but can be higher, and still be better than most active investors make.

What makes the book so good is
...more
Sanford Chee
Mohnish Pabrai recommended this book. There's also a similar themed book by Christopher W. Mayer '100 Baggers: Stocks That Return 100-To-1 and How to Find Them'.
...more
Liam Polkinghorne
Jan 08, 2017 rated it really liked it  ·  review of another edition
Simple but powerful premise: buying great businesses and holding on. Highlights the importance of: (1) businesses that can grow earnings power, (2) benefit that can be gained from PE expansion as well as earnings growth, (3) buying at times of pessimism rather than optimism, (4) how difficult it is to hold investments for the long-term in the face of fluctuating performance, focus on short-term factors, contrasting views on future prospects and competing investment opportunities.
Michael G
Buy good stocks and then HOLD them!
Tech Nossomy
An introduction to fundamental analysis to stock trading. Very sparse on the numerical examples, for example not a single balance sheet is shown, and with some graphs of stock prices having no relevance now and all of which are going up. There is even a chapter called "Why computers wont run the world [ie: stock market]", and the statement is made by the author who could not have realised that the securities world looks vastly different now. ...more
Sy. C
Feb 04, 2018 rated it it was amazing
Recommended in Chuck Akre's talk at Google. Excellent read - written in the early 1970s but has aged very well. ...more
Rohit Kadam
Nov 04, 2020 rated it it was amazing  ·  review of another edition
Another classic on investing well and patiently compounding capital.
Anoosh
Mar 29, 2021 rated it liked it  ·  review of another edition
Shelves: finance
Having read numerous price graphs from the 1930s reproduced in this book, I am now comforted by the knowledge that the 30s are long over. Borrow the book and invest the dollars saved instead.
Harsh Thaker
Jan 10, 2019 rated it it was amazing
It is a “Investing testament” which should be in library of all types of investors. Could be one of the few books to be get lost on a deserted island. Epic !
Saravanan B
Mar 20, 2018 rated it it was amazing
Buy and hold well explained. Keeping the right stocks is the key to make 100x returns.
Joel Gray
Jan 26, 2017 rated it really liked it
TO HAVE 100-1 INVESTMENTS REQUIRES; VISION, COURAGE, PATIENCE AND EXTRAORDINARY TENACITY - THE WILL TO HOLD ON.

If the prospect of continued growth is apparent to all, the stocks tend to be fully priced. The only way to make more than the going rate of return on your capital is to buy values not apparent to most people at the time you buy.

Nothing kills a money-making opportunity faster that its widespread popularity.

Fortunes are made by buying right and holding on.

Stay with your most successful s
...more
Alexei G
Jun 26, 2016 rated it really liked it  ·  review of another edition
If you manage to suffer through the first half of the book, the only point of which seems to be to demonstrate with multiple examples, that there have been occasions when somebody bought a stock, held it for a long period of time, and guess what, it went up a hundred fold, you will be richly rewarded by the second half. So, never surrender! Perhaps, the suffering of the first part is a deliberate exercise in patience, intended to weed out the weak that would not be able to handle the pressures o ...more
Timothy Chklovski
Jun 17, 2013 rated it liked it
Shelves: investing
Warning: this is a quick review, still finishing the book.

I'd recommend this to someone who is already sold on value investing, but would like to get better sense of what affects valuations.
I humbly posit that there's a bit too much respect given to "mr market" and trying to read the charts, but there are also parts about
quality of earnings that are at least a good refresher.
Also, always interesting to get a perspective from a different decade (1970s).

I'd recommend Common Stocks and Uncommon
...more
Brett Nocerini
Oct 01, 2016 rated it it was ok  ·  review of another edition
Shelves: investing
real growth = earnings power
- sales growth
- profit margins
- ROE
- ROIC
- sales / invested capital
- buildup of BV
- 10y trend
- reinvestment: growth in BV while maintaining ROIC as it gets bigger
- How high is barrier to entry?
- How good are prospects for sales growth, so they can use the high ROIC? TAM
Jason Orthman
Dec 29, 2016 rated it it was amazing  ·  review of another edition
Should be an investment classic. Written in 1972 but one of the best investment books I have read. Effectively highlights the importance of compounding and patience in investing. Number of stock examples.
Ganesh
Nov 11, 2016 rated it it was amazing  ·  review of another edition
I wish there were 10 more stars as 5 * does not do justice to this book. One of my favorites.
Rohan Pinto
Aug 02, 2014 rated it it was amazing
Great read..
Stewart Nielson
Aug 20, 2016 rated it it was amazing  ·  review of another edition
A book that still has much to offer to most investors.
Ankur
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