Shopify (SHOP) has been on an incredible run lately, having nearly tripled in the past year before today. Expectations were undoubtedly high going into their earnings release this morning and I was prepared for even the slightest negative news to cause a big drop in the stock.

Instead, they released results which appear to have blow past even the most optimistic estimates with a beat on revenue and an even bigger beat on earnings. The stock is up big today and if the results hold will have more than tripled over the past year.

I don’t want to overly focus on Shopify’s earnings right now, though, and instead want to take this opportunity to show the power of buying quality companies and holding them for the long run.

Shopify is currently the best performer in the Freedom Portfolio with an return of over 1100%. Jumia (JMIA) is currently one of my two worst performers having lost 62% of its value. By sheer coincidence my initial position size for both were very similar, yet their impacts on my portfolio couldn’t be more dissimilar.

Shopify’s gains are currently 20 times Jumia’s losses. In fact, even if Jumia went to zero tomorrow, Shopify’s gains would still be 13 times the complete loss I would suffer from Jumia. That’s one of the incredible and under-appreciated things about investing: A bad call can only ever lose you 100% of the money put in, but a good call can earn you 1,000% or more and can more than make up for many losers. That’s something that I learned from David Gardner at the Motley Fool.

One other thing I learned from him? What a spiffy pop is. The short description is that it’s a term that describes when a stock goes up more in a single day than what you paid for it. I bought my shares of Shopify in 2017 for $44.55 a share. As of this writing, Shopify is up close to $60 a share today. If that doesn’t illustrate the power of buying quality companies and holding them for the long term, I don’t know what does.