Nobody has to double their money every year to build real wealth. An investor who puts $10,000 into a stock that returns 15% annually and holds it for 40 years ends up with about $2.7 million. That takes patience, not a lucky guess. Reaching for stocks that promise to multiply overnight makes that outcome less likely, not more, because a single collapse can wipe out years of compounding. That tension is the subject of our look at whether Sandisk can keep climbing after a 1,322% gain in a year. Hedge funds work from the opposite instinct. On average, they don't load up on lottery-ticket stocks. They back companies they judge most likely to deliver higher returns for an amount of risk they can live with.
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