"Take a simple idea and take it seriously."
I wish I'd said that, but it was Charlie Munger of Berkshire Hathaway Inc. (NYSE: BRK.A).
Charlie is the Oscar Wilde of finance; there seems to be a "Mungerism" for every occasion, but this is probably the most important of them all.
In any case, it's certainly my personal favorite – and not just because of the way it trips off the tongue.
I love it because, when you apply my favorite Mungerism to one of my favorite investments, you can enjoy the kinds of returns that make Wall Street eggheads green with envy; you'll make your friends green with envy, too.
In a nutshell, this approach can set you up for life if you execute it repeatedly, the way I'm going to show you. And don't worry: It's really easy to execute. It's not rocket science by any stretch.
I'm going to show you how to do that now – and give you some great examples of the strategy you can (and definitely should) own today.
About the Author
Tim Melvin is an unlikely investment expert by any measure. Raised in the "projects" of Baltimore by a single mother, he never attended college and started out as a door-to-door vacuum salesman. But he knew the real money was in the stock market, so he set sights on investing - and by sheer force of determination, he eventually became a financial advisor to millionaires. Today, after 30 years of managing money for some of the wealthiest people in the world, he draws on his experience to help investors find "unreasonably good" bargain stocks, multiply profits, and build their nest eggs. Tim tirelessly works to find overlooked "hidden gems" in the stock market, drawing on the research of legendary investors like Benjamin Graham, Walter Schloss, and Marty Whitman. He has written and lectured extensively on the markets, with work appearing on Benzinga, Real Money, Daily Speculations, and more. He has published several books in the "Little Book of" Investment Series and a "Junior Chamber Course" geared towards young adults that teaches Graham's principles and techniques to a new generation of investors. Today, he serves as the Special Situations Strategist at Money Morning and the editor of "Max Wealth" and Heatseekers.