Astonishing stats on drawdowns from @APNavaratnam:
In the new @AcquiredFM episode on Vanguard, @gilbert, @djrosent cited our research on companies that have 100x'd since IPO.
These are history's best stocks, with a 533x avg return. The basket includes Microsoft, Amazon, Costco, etc.
Yet the experience of owning them ain't easy.
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