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Stocks B / Berkshire Hathaway


Subject:  Re: Bags? Bagger? Date:  5/10/2013  2:19 PM
Author:  DrtThrwingMonkey Number:  201625 of 256768

One Up on Wall Street:
How to use what you already know to make money in the market
By Peter Lynch and John Rothschild
Philadelphia, PA: Running Press
Pg. 17:
That’s where the tenbaggers (a Wall Street parlance meaning that your stock made ten times the money invested) come from, beyond the boundaries of accepted Wall Street cogitation.

If this is correct, then you have a 2.4 bagger, not a 3.4 bagger, since the numerator is how much you made, not how much you now have. For a $20 stock, to make $20 the amount invested (a tenbagger), your share would have to be worth $220.

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