- Paperback: 206 pages
- Publisher: lulu.com (March 22, 2014)
- Language: English
- ISBN-10: 1304911977
- ISBN-13: 978-1304911971
- Product Dimensions: 6 x 0.5 x 9 inches
- Shipping Weight: 13.1 ounces (View shipping rates and policies)
- Average Customer Review: 61 customer reviews
- Amazon Best Sellers Rank: #1,337,064 in Books (See Top 100 in Books)
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The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition ) Paperback – March 22, 2014
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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 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.
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How cool - some excellant new insights into these two great thinkers. What a complete waste of time and what completely misleading reviews. I thought it was poorly written, redundent from chapter to chapter and the only things that were of any value were the original quotes taken from the great men themselves.
It's hard for me to believe that Warren approved this book and allowed the use of his copywritten materials for such a completely frivolous and obvious attempt to cash in on the extreme interest in all things Berkshire. Save your money. If you read the first couple of pages, you've got the entire content. I suffered through the whole book in a few hours expecting it to pick up at any time. It did - when it ended.
How about for folks that are new to Berkshire? Again, you must be kidding. The Warren Buffet way is a much, much better 'intro' if you're not interested in getting into the more detailed and longer ones (Of Permanent Value is great, but can't be read in a single day).
I should have known this one was a rip from the extemely poor graphic of the book cover and really thin description. My own fault for falling for a complete dud.
I've never had such a bad book from Amazon on any subject before. I'd return it if I could. Thankfully it was just the $10 for the Kindle version.
One of the reviewers mentioned that the first thing you have to consider is who the audieance is - agreed. I have been investing for 25 years and pretty much have studied most of the value investing classics. I am not Warren Buffet by any strech of the imagination, but consider myself somewhat informed and open to new ideas. I have to assume that some of the postive reviews may come from individuals that are wowed by the name dropping and ridiculously simple ideas presented in this book. The book appears to be written after quickly reviewing some of the classic books written by, or pertaining to, some very formidable investors. Like something a college student might have punched out in a weekend. It is presented in a haphazard way with no apparaent direction, and no elaboration on the works presented by others. A unorganized smorgasboard of others ideas.
In my opinion, the ideas presented in this book do not provide value to a beginner or a seasoned investors. No doubt that many of the general ideas presented are rock solid, and the individuals that are referenced are the Deans of investing. However, the presentation is confusing and there are many books that discuss the same thing that are vastly superior. Not recommended.
I donate most of the books I'm done with to charity. This one got thrown out. No need for anyone to waste their time reading it.
Schroeder, Lowenstein, Hagstrom and Cunningham are all superior sources.
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The author, Bud Labitan, of The Four Filter Invention (Second Edition) always...Read more