"To achieve a multi-bagger in the portfolio, you have to hold a...

"To achieve a multi-bagger in the portfolio, you have to hold a multi-bagger in the portfolio.

You will have to hold while the stock 2-3-4x in a year.

You will have to hold as the stock eventually pulls back 50% from its highs.

You will have to hold as the stock goes nowhere for months, quarters, maybe years, as fundamentals backfill into the stock price.

You will have to hold as expectations get too high or management has some eventual growing pains.

You will have to hold when it's cheap, expensive, loved, hated and volatile - sometimes all in the same year.

You will have to hold while your emotions are screaming at you to sell.

But what makes it even more difficult is very few will deserve to be held through all of this.

Most of the companies you own today only deserve to be rented. Ownership is earned."