The Importance of One Good Investment

I have recently been rereading the biography of Charlie Munger,  Damn Right.  While reading it, a passage talks about how Charlie has stated that if chosen wisely, one stock can be a sufficient investment.  Since this is so contrary to public opinion, I think it is important to expand on this.  When many people talk about gambling in the stock market, the most common conception is bankruptcy.  If all your eggs are in one basket, well if that basket is of inferior quality… ouch. (more…)