Palantir is the 18th-largest American company.

Hitting a home run requires perfect timing: Swing too soon -- or too late -- and you miss the ball entirely. Even if you do make contact, research suggests that a batter needs to launch the ball at between 25 and 35 degrees to hit a home run. Too high an angle results in a pop fly; too low likely means a ground-out.

Thankfully for investors -- who are investing in stocks, not hitting balls -- timing doesn't have to be perfect. You can hit an investing home run even if you're late to the party. With that in mind, let's take a closer look at Palantir Technologies ( PLTR -1.40% ) and why I think it can still set up investors for life.

What Palantir has already achieved

First, we must start by acknowledging that Palantir stoc

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