The Four Filters Invention Of Warren Buffett & Charlie Munger [Audiobook]

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The Four Filters Invention Of Warren Buffett & Charlie Munger [Audiobook]

Bud Labitan’s Audiobook, an unabridged second edition of “The Four Filters Invention of Warren Buffett & Charlie Munger” (read by Mr. Jeff Hering) is about Buffett and Munger’s great behavioral finance innovation (7hrs.)

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It is now on Audible.com here: http://www.audible.com/pd/Business/The-Four-Filters-Invention-of-Warren-Buffett-and-Charlie-Munger-Second-Edition-Audiobook/B00YQEJRLY

Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

It will also be on amazon and itunes

London Value Investor Conference: Joel Greenblatt On Value Investing In 2022

The first London Value Investor Conference was held in April 2012 and it has since grown to become the largest gathering of Value Investors in Europe, bringing together some of the best investors every year. At this year’s conference, held on May 19th, Simon Brewer, the former CIO of Morgan Stanley and Senior Adviser to Read More

Also, you may recall that in celebration of Berkshire Hathaway's 50 years of leadership under Warren Buffett and Charlie Munger, I released freely the MOATS book in pdf form to all: http://www.frips.com/MOATS.pdf

The Four Filters Invention Of Warren Buffett & Charlie Munger - Description

"The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the steps they perform in framing and making an investment decision. The author believes that Buffett and Munger expanded the field of "Behavioral Finance" by using this thoughtful and effective process. The genius of Buffett and Munger's four filters process was to capture all the important stakeholders in their decision making. Imagine. . . Products, Enduring Customers, Managers, and Margin-of-Safety. . . all in one mixed "qual + quant" formula. This second edition contains additional examples in this amazing process. This edition also contains the author's look into their 1988 valuation of Coca-Cola. Each chapter has additional specific examples. The author also discusses additional insights he has learned in the past five years since the first edition was released.

The Four Filters Invention Of Warren Buffett & Charlie Munger - Review

Having read the first edition 5 years ago, Charlie Munger recently wrote: "I applaud your effort and agree with many of your conclusions."

From the Author

How do we improve and optimize our investing decision making? This was the goal of the first edition of this book. Now, about 5 years later, this journey continues with more insights and examples. We can use the Four Filters Invention of Warren E. Buffett and Charles T. Munger. Their four filters investing process helps us eliminate many inferior investing prospects. This filtering process helps us find high-quality winning investments. Their steps include evaluating a business' economics, its competitive position, its managers, and its intrinsic value. It provides us a tested and effective toolset.

The Four Filters Invention of Warren Buffett and Charlie Munger are a search for: "Understandable first-class businesses, with enduring competitive advantages, accompanied by first-class managements, available at a bargain price." In my view, Warren Buffett and Charlie Munger invented an investing formula that is underappreciated by the business and academic communities. It is an amazing intellectual achievement in both practical and Behavioral Finance. The filters are an important set of steps used by the world's greatest investors for finding high quality investments.

About the Author

Dr. Labitan is a practicing urgent care physician and an investor from Northwest Indiana. He is a graduate of Indiana University with a BS in the Biological Sciences. Dr. Labitan earned his medical degree at the American University of the Caribbean School of Medicine in 1987. He completed the Family Medicine Residency in Gary, Indiana. He is a proud father and supporter of "Father's Rights" and "Mother's Rights" reform worldwide. He believes in continuous learning, and he enjoys the area of sensible "decision framing" and "decision making."

The Four Filters Invention of Warren Buffett and Charlie Munger by Bud Labitan

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2 COMMENTS

  1. Benjamin Graham – also known as The Dean of Wall Street and The Father of Value Investing – was a scholar and financial analyst who mentored legendary investors such as Warren Buffett, William J. Ruane, Irving Kahn and Walter J. Schloss.

    Graham’s first recommended strategy – for casual investors – was to invest in Index stocks.
    For more serious investors, Graham recommended three different categories of stocks – Defensive, Enterprising and NCAV – and 17 qualitative and quantitative rules for identifying them.
    For advanced investors, Graham described various special situations or “workouts”.

    Defensive, Enterprising and NCAV stocks can be reliably detected by today’s data-mining software, and offer a great avenue for accurate automated analysis and profitable investment.

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