Legendary investors may have different strategies and preferences. But one thing that all great investors have in common is the coveted multibagger -- a position that increases several-fold over time.

We tend to think of multibaggers as small companies that have plenty of room for exponential growth. But multibaggers can also be hiding in plain sight. For example, Warren Buffett-led Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) began loading up on (NASDAQ: AAPL) stock in 2016. Over the last seven years, Apple stock is up a staggering 650% even though Apple was established when Berkshire began buying shares.

Deere Company (NYSE: DE) and PTC (NASDAQ: PTC) are similar in that they are well-known, arguably undervalued positions that could become multibaggers over time. On the other hand, Joby Aviation (NYSE: JOBY) is a smaller company that falls more into that traditional "hidden gem" category. Here's why all three stocks could help foster generational wealth for patient investors.

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Source Fool.com