The 100 Year Thinkers: Long-Term Compounding in a Short-Term World
Excess Returns
In a world where most investors think in quarters, The 100 Year Thinkers offers insights from investors who think in decades. Hosted by Matt Ziegler and Bogumil Baranowski and featuring Robert Hagstrom, and Chris Mayer, this monthly roundtable will tackle many of the issues all of us face as investors, but look at them through the lens of investors who operate over very long time frames. We will cover a wide range of topics ranging from stock selection to portfolio construction to the economy and behavioral finance, but we will do it by focusing on what matters over the long-term.
Episodes
Mentioned books
33 snips
Mar 23, 2026 • 1h 12min
46 Stocks Created Half of All Market Wealth | Chris Mayer and Robert Hagstrom on the Outliers that Break Base Rates
Robert Hagstrom, investment author and CIO focused on Buffett-style durable businesses. Chris Mayer, investor and 100-bagger researcher who studies extreme stock winners. They explore why a tiny number of firms create most market wealth. Short takes on power laws, when to trust base rates versus studying outliers, Buffett’s long-term lens, AI’s challenge to historical probabilities, and portfolio construction to capture asymmetric upside.
67 snips
Feb 21, 2026 • 1h 16min
This Hasn’t Happened Since 1999 | The 100 Year Thinkers on Why Safe Stocks Have Become Dangerous
Robert Hagstrom, investor and author known for The Warren Buffett Way, and Chris Mayer, concentrated investor and co-founder of Woodlock House, join to unpack how language and expectations bend markets. They tackle AI hype, benchmark fixation, gamified trading, terminal-value risk in software, and why low-volatility “safe” stocks may hide big dangers.
28 snips
Jan 23, 2026 • 1h 14min
The Labels That Destroy Returns | Chris Mayer and Robert Hagstrom on How Language Misleads Markets
Robert Hagstrom, investor and author known for mental models and Buffett studies, and Chris Mayer, investor and writer who applies general semantics to investing, discuss how language and labels mislead markets. They reframe concentration, valuation, ROIC, index weighting, AI narratives, time-binding, map versus territory, and what sustains decades-long compounding.
22 snips
Dec 15, 2025 • 1h 13min
The Wall Street Labels That Trap You: Chris Mayer & Robert Hagstrom on How Language Misleads Markets
Robert Hagstrom, an investment author and CIO known for insights on Warren Buffett, and Chris Mayer, a long-term compounding advocate, delve into the philosophy of investing. They challenge Wall Street's reliance on labels like P/E ratios, arguing they mislead investors. The duo discusses how language shapes investing decisions and the importance of a longer time horizon. They also explore the market as a complex adaptive system, cautioning against myopic loss aversion and the pitfalls of frequent evaluations. A thought-provoking conversation for savvy investors!
16 snips
Nov 13, 2025 • 1h 2min
The Elusive Search for the Perfect Business | Chris Mayer and Robert Hagstrom
Robert Hagstrom, a seasoned investor and author specializing in long-term compounding, and Chris Mayer, co-founder of Woodlock House Family Capital and author of 'The 100-Bagger', dive into what defines a perfect business. They discuss the challenges of holding investments through volatility and the importance of management quality and owner earnings over GAAP. Behavioral traps that lead to missed opportunities are explored, as well as navigating fast-changing industries with an eye on competitive advantages shaped by technology, networks, and scale.
13 snips
Oct 13, 2025 • 59min
The 100 Year Thinkers | Chris Mayer and Robert Hagstrom on Finding the Next Great Compounders
Chris Mayer, an investor and founder of Woodlock House Family Capital, alongside Robert Hagstrom, Chief Investment Officer at Equity Compass, dive into the complexities of long-term investing. They discuss the dominance of mega-cap stocks and the challenges of active management. Mayer emphasizes the importance of economic fundamentals over fleeting stock prices, while Hagstrom critiques the underpinnings of the S&P 500. Together, they provide insights on how today’s tech giants differ from the 1999 bubble and how to navigate private equity's evolving landscape.
