"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.
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