This book examines each of the basic steps Buffett and Munger use in "framing and making" an investment decision. It is a focused look into an amazing invention within "Behavioral Finance." In the authors opinion, the genius of Buffett and Munger's four filters process was to "capture all the important stakeholders" in a four cluster process. Imagine...Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qualitative + quantitative" formula.
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