Lessons From a Stock Pick That Gained 5,200%

If you really know a company's value, you can relax no matter how high the stock goes.

I never thought I’d own a stock that appreciated 50-fold. Until I decided to write this column, I kept mum about my coup. I didn’t want to brag, sell the shares or visit a Ferrari showroom. I had no worries that my 50-bagger would shrivel to a measly ten-bagger, or, even worse, a no-bagger due to greed, neglect or both. To my surprise, despite the stock’s amazing rise in just five years, holding on to it didn’t make me anxious at all.

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Andrew Feinberg
Contributing Columnist, Kiplinger's Personal Finance
Feinberg manages a New York City-based hedge fund called CJA Partners.