May Contest - The Four Filters
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.
Value Investing News will be giving away a signed copy of The Four Filters to the top two point earners in May. The third copy will be given away to a randomly selected active member. We thank author Bud Labitan for sponsoring this month's contest. Be sure to register now and get involved in voting, submitting story links, commenting, and joining the discussion in the forum to earn points.