Look at a long-term chart for Vertex Pharmaceuticals (NASDAQ: VRTX) stock, and you’ll see one heck of a wild ride. Investors who got in at the initial public offering are up more than 20-fold, crushing the market’s return, yet they had to endure some gut-wrenching volatility along the way. Hidden in Vertex’s unique history is a valuable lesson that I believe all investors can learn from. So what’s been the secret to its success, and what lessons can Vertex’s history teach investors today?
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