Magic Formula Weekly Roundup - 5/17

Notes: Today's Sequoia Fund Annual Investor Day

Primus Guaranty: Prime Value

Investment Analysis Report on Philip Morris International - A spinoff of MO

The American Express (AXP) Stock Report

Sears.com: Fastest Growing Internet Retailer

Magic Formula Business Sector #4: Industrial Materials

Time to Buy Ambac?

Lampert Reports Sallie Mae Stake

Flight of the Black Swan

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May Contest - The Four Filters

Submitted by Value Investing News on Sun, 2008-05-04 18:24.

The Four Filters Invention of Warren Buffett and Charlie MungerWin one of the three copies of The Four Filters: Invention of Warren Buffett and Charlie Munger that we are giving away in May!

 

As significant as the refinement of the microscope by Antonie van Leeuwenhoek, Labitan believes that Warren Buffett and Charlie Munger invented an investing formula that is underappreciated by the business and academic communities. In his view, the Four Filters developed by Warren E. Buffett and Charles T. Munger is an amazing intellectual achievement in both practical and behavioral finance. He thinks it will have a major future impact in the way business, management, and behavioral finance thinkers shape new methods of combining qualitative and quantitative valuation. After all, the Four Filters are an important set of steps used by the world’s greatest investors. While Mr. Buffett does not endorse this book, he did give Dr. Labitan permission to use his quotes from the annual letters to shareholders. Labitan weaves the material into the story of successful “framing” and the “filtering out” suboptimal investment choices.
 

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