This book is a quick guide to understanding the four investing
filters of Warren Buffett and Charlie Munger. It is a shorter
version of his previous book and is designed to improve your
investment thinking. How do you set a price for your stock
purchases? In Chapter 4, the author estimates an intrinsic value
(of Apple stock). First, start by trying to understand the
qualities of a first-class business. The four filters will help you
optimize your decision making. Warren Buffett said it best: "An
investor cannot obtain superior profits from stocks by simply
committing to a specific investment category or style. He or she
can earn them only by carefully evaluating facts and continuously
exercising discipline."
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