If you’ve spent any amount of time in the investing world, you’ve heard of Warren Buffett.
The “Oracle of Omaha” is one of the most legendary investors in history.
But you may not be as familiar with one of Warren’s closest associates…
A man who also happens to be the vice-chairman of Buffett’s Berkshire Hathaway and an investing icon in his own right.
I’m talking about Charlie Munger.
As I was scrolling the headlines the other day, I came across a golden piece of investing advice from Charlie that I just had to share with you…
From the article:
Munger observed that in the wealth management space “a lot of people think if they have 100 stocks they’re investing more professionally than they are if they have four or five.
I regard this as insanity. Absolute insanity.”
Now, I’ve been involved in trading and financial education for the better part of two decades.
And I can say from experience that Charlie hits the nail on the head here.
I’ve seen countless traders tie up too much of their capital in dozens and dozens of different securities…
All in the name of portfolio diversification — or as Charlie puts it, “di-worsification.”
To make matters worse, many of these traders can’t even tell you WHY they’re invested in all these stocks.
… And more often than not, it simply boils down to FOMO.
You know, fear of missing out.
They see a certain market sector heating up…
Or hear about the latest, greatest stock that’s taking off like a rocket…
And they just can’t help themselves from jumping in.
The GameStop craze of 2021 is a perfect example.
Now when I read this quote from ol’ Charlie Munger, it reminded me of another famous saying.
It’s actually attributed to Al Capone…
And it goes like this:
“I’d rather have four quarters than one hundred pennies.”
Now Capone was referring to the people we call our friends when he said this…
But it applies equally as well when we’re talking about stocks.
Just like Munger said, it’s much more strategic to invest in a handful of stocks that you have good reason to believe will increase in value…
Than it is to throw your money into 100 different stocks just because they happen to be trendy at the moment.
And you know what?
This is the same philosophy that Ross Givens takes in his Insider Report service.
He issues an average of between 3 to 5 picks a month…
But these picks are quarters, not pennies.
That’s because Ross uses an incredibly tactical approach to identify under-the-radar opportunities on stocks that the vast majority of traders overlook.
In fact, right now the Insider Report portfolio is holding stocks with open gains of 152%…
251%…
And even 514%.
And those are just the open stock gains — most of those trades were optionable, too, and those options trades have yielded returns of 245%, 400% and a whopping 1,091%.
So if you’re holding too many “pennies” in your portfolio and want a proven strategy for finding more “quarters”…