Re-rating: The X factor in multi-bagger returns

Ask any new CFA pass-out what drives stock returns in the long run and heโ€™ll likely tell you that is earnings, of course! Equity analysts spend many man (and woman) hours on excel sheets, trying to model the future earnings of companies, to identify stocks to bet on.
But if you look at the journey of multi-bagger stocks over any time period, youโ€™ll find that thereโ€™s an X factor apart from earnings that drives multi-bagger returns.

Re-rating: The X factor in multi-bagger returns Read More ยป