Everyone who enters the stock market may have fantasized about one thing: finding a great company, going heavy on it before everyone else understands it, and then growing with it for ten or twenty years, ultimately achieving a leap in wealth. This is, of course, the ideal state of investment. Buffett went heavy on American Express early on, and later on Coca-Cola; Munger repeatedly emphasized that opportunities that truly change your life don't come around very often. Once your 'good pitch' appears, you should catch it with a bucket, not a spoon. Investment requires waiting for the strike zone, and having the courage to go heavy when the opportunity arises. There's nothing wrong with this logic. The problem lies in...