#248: Lessons from Our Best Performing Stock (Up 27X)
Episode description
Back in 2016, MyWallSt pitched Shopify, the newly listed Canadian e-commerce player targeting the SMB market. Since then, Shopify has grown by 2,600% (a 26X bagger). However, it hasn’t been a straight road—who can forget the 2021 sell-off that saw the stock drop almost 80%?
But no fear, this potential Amazon killer has returned stronger than ever.
Tune in as Mike and Emmet break down the attributes that made and make Shopify a great investment, including its unique founding story, strategic pivots, and impressive financials. It’s also a great case study for investors hunting for the next 10X stock.
For more 10X resources, check out our previous episode, “How to Find 10X Stocks”.
Spotify: https://open.spotify.com/episode/7ftVfcXJ5NRCpHznskMscb?si=lYFApgRdQ5CEsAOzfYN3DA
Apple Podcasts: https://podcasts.apple.com/us/podcast/stock-club/id1358756008?i=1000679322917
Youtube: https://youtu.be/5BYk3bF5FHM
If you’ve ever wanted to follow along with one of the world’s most successful long-term investors, now is the time. Horizon follows Emmet’s journey to uncover the next 100-bagger based on his decades of investing experience. If you’d like to read about his latest stock pick and a dozen other incredible investments, sign up for Horizon.
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00:00 Intro
04:19 Discussing Shopify’s Rise
15:37 Shopify's Unique Founding Story and Fast Rise
31:42 Expanding Total Addressable Market
37:31 The Power of Compounding
45:20 Shopify's Current Financial Overview
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