The Cost of Chasing x100 Stocks (And Why We Shouldn't)

There’s a shared fantasy on X and in investing that the “right” way to get rich is to find the gem.

The x100 stock.

Judging by the number of threads and articles I see daily, there seem to be hundreds of them.

Or so they say.

Truth is. Chasing x100s is one of the worst investing strategies there is.

Hunting for “the gem” makes you ignore solid names, opportunities, and repeatable returns; in exchange for more risk, uncertainty, and more volatility.

Let’s break it down.

What is a x100? Mathematically, it’s just seven 100% gains. Psychologically, it’s the feeling of having found something special.

So the real question is: Are you investing to build wealth or to feel special?

More than 500 stocks returned 100% plus over the last year. Defensive and growth names alike

Over the last decade, only Nvidia reached x100.

Which do you think is easier to find? One x100… or seven 2x’s?

Finding the asset is only the first problem. Then comes sizing. Then holding.

Do you really believe you can hold a 100x? Let me tell you: you can’t.

At some point, your brain will take profits. You won’t add. You won’t tolerate drawdowns. You won’t tolerate volatility.

Everyone thinks they can. Almost no one does.

Let's assume you could. Position sizing matters.

A x100 only changes your life with a big position. Can you really put 10% into a high-risk bet? Can you put even more?

Because a 10% position that 100x... that’s a 10x on your net worth… Over 10–15 years.

Now ask yourself.

Is it more realistic to find one ultra-risky x100, invest 10% of your net worth, hold it for 10 years to 10x your portfolio.

Or four opportunities you are confortable to all in on which return 100% over a decade?

There is a right and a wrong answer.

One last point that almost no one talks about. On social media, you only see the winners.

You don’t see the 99.9% who blew up chasing “sure” x100s. You don’t see the ones who picked right but failed at sizing. You don't see the ones who sold early, panicked or else.

Nor the ones who succeeded once, thought it was repeatable... and lost it all in another risky asset for another x100.

The best way to leverage markets isn’t chasing unicorns. It’s focusing on safer assets with large upside, allowing you to size properly, hold calmly, and repeat the process.

Less flashy. Less sexy.

But far better long-term results.

A clear, repeatable system will always outperform the hunt for unicorns in a world full of cows.