To everyone, more is always better and I am referring to information. Investors who have read books such as Common Stocks & Uncommon Profits by Phillip Fisher would understand what I am referring to – The Scuttlebutt Theory. Many investment books constantly teaches us to gather as much information as possible on a company to make a more well informed decision. However, have we ever thought about how much information is truly necessary and the opportunity cost of the long researching process? More often than not, 80% of the information can be obtained using 20% of our time. While the remaining 20% would require the remaining 80% of our time. An investor who is able to act upon only 80% worth of information would be able to identify 5 times more opportunities than an investor who only acts when he has 100% worth of information. At ......