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It is funny that Lynch and his book are most remembered for this idea of buying what you know (before it is well known). I have found great value in Lyches book but not so much in this idea.

I'm a Lynch fan and I don't think that "buy what you know" is his central theme. I take this more as a negative as in "avoid what you don't know." For me the main theme of finding ten baggers is discovering businesses that can be replicated across markets. In practice for me this is usually retailers that have plenty room to grow, for example Lululemon. In high-tech it might be Mitek leveraging the adoption of smart phones and ARM leveraging low power mobile devices. In medical robots it's MAKO expanding to hips.

Denny Schlesinger
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