Jason Hall

We can use just your old run-of-the-mill 15-bagger.

That's not run-of-the-mill.

But what I'm saying is it's really, really impressive what happens with these stocks that go on to be big winners.

But I want to start, Warren Buffett is famous for his, quote, first and second rules of investing, you know, don't lose money.

and see rule number one.

But if we take this on a single stock level, it's just myopic and ridiculously impossible.

Warren Buffett probably wrote more words about his investing mistakes than he did his successes.

And if the greatest of our time has failures, that means it's okay.

So it's less about batting average and more about slugging percentage to throw a sports metaphor in here.

But the process, when we think about it more holistic, I think that really helps us as investors.

And it's been said a million times, the most you can lose on a single stock you bought is 100% while the upside is theoretically unlimited.

Realistically, upside is definitely limited for most businesses, but the kernel there is asymmetric returns, meaning that the upside is far greater than the downside.

That's a feature of investing stocks, and when you start making that part of your mindset and the way you think about stocks,

It really helps.

Now, let's use MercadoLibre and Intuitive Surgical just as a couple of Rule Breaker examples.

These have been in the Rule Breaker service for a very long time.

They're big winners.

We can go back to the beginning of 2010 for both, just as an example.

I think the market is up around 700% in total returns since that period.

That's an incredible run for the stock market.