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How did Warren Buffett and Charlie Munger advance “Decision Framing” in both practical and Behavioral Finance? The “Four Decision Framing Clusters" are both filtering and valuation steps. They are steps that help us filter out weaker investment prospects and filter in stronger ones.

In my view, Warren Buffett and his business partner Charlie Munger invented a four filters investing process that has been underappreciated by the business and academic communities. It is a unique process of three qualitative steps and then a calculation of estimated intrinsic value. 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.”

Attend one of our seminars and learn the process of re-framing your approach to investing. Call 219-677-6281 to schedule a talk or seminar and workshop for your group.

Preview the author’s speaking voice: Preview speaker audio.

The paperback book: http://www.amazon.com/dp/0615241298

The Lulu store for the audiobook CDs: http://stores.lulu.com/4filters

Here is an audio clip of Mr. Buffett mentioning the 4 decision filters: http://www.frips.com/4filters.mp3

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			The Four Filters Invention of Warren Buffett and Charlie Munger Audio (CD) Disc: $14.95 This is the original abridged version of the book: "The Four Filters Invention of Warren Buffett and Charlie Munger" by Bud Labitan. 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." 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.

			The Four Filters Invention of Warren Buffett and Charlie Munger ( Book ) Print: $32.97 "The Four Filters Invention of Warren Buffett and Charlie Munger" examines each of the basic steps they perform in "framing and making" an investment decision. This book is a focused look into this amazing invention within "Behavioral Finance." The genius of Buffett and Munger's parsimonious four filters process was to "capture all the important stakeholders" in a "multi-variable" equation or formula. Imagine...Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula. Other important ideas are embedded in each chapter. The book can be used as a supplemental textbook in a Valuation or Decision Sciences course.

			Four Filters of Buffett & Munger - 1 Hour Speed Learning Edition Audio (CD) Disc: $14.95 Designed for the investing professional, this is the 1 Hour - Speed Learning version of "The Four Filters Invention of Warren Buffett and Charlie Munger." The audiobook is presented at a faster pace. The book examines each of the basic steps they perform in "framing and making" an investment decision. This book is a focused look into this amazing invention within "Behavioral Finance." The genius of Buffett and Munger's parsimonious four filters process was to "capture all the important stakeholders" in a "multi-variable" equation or formula. Imagine...Products, Enduring Customers, Managers, and Margin-of-Safety... all in one mixed "qual + quant" formula.

			Decision Making Like Buffett & Munger - High School Edition Audio (CD) Disc: $12.99 How did Warren Buffett and Charlie Munger advance Decision Framing in both practical and Behavioral Finance? The Four Decision Framing Clusters" are both filtering and valuation steps. They are steps that help us filter out weaker investment prospects and filter in stronger prospects for investment. After studying their approach and writing my book, "The Four Filters Invention of Warren Buffett and Charlie Munger," I realized that there are useful takeaways that can be learned by young people. 1. Frame your important decisions to include the most relevant stakeholders. 2. Look at the population of ideas and filter out the less probable. 3. Use both subjective feelings and objective facts to arrive at a decision. 4. Maintain a conservative "Margin of Safety" in each decision. This audio book CD is aimed at the High School Student.

			Four Filters Valuation of Buffett and Munger - Business School Edition Audio (CD) Disc: $12.99 "The Four Filters Valuation of Buffett and Munger. Business School Edition." This audiobook cd explains each of the major steps performed in "framing and making" a business valuation and investment decision. This book is a focused look into an innovative process within "Behavioral Finance." As such, it is a useful supplement for students of business. The genius of Buffett and Munger's four filters process was to "capture all the important stakeholders" in a "multi-variable" equation. Product Economics, Enduring Customers, Managers, and Margin-of-Safety, are all included in this one mixed "qual + quant" process. Other important business ideas are embedded in each chapter. This audiobook is designed as a supplemental resource for teaching Business Valuation and Decision Science.

Understand

the Economics of a First-Class Business

Economics of Free Cash Flow

Entrepreneurs / Owners

Experienced Business Owners

Sustainable Competitive Advantages

Customers

Marketing’s 4 p’s of Products, Pricing, Placement, and Promotions

Brand Identity

Able & Trustworthy Managers

Managers

Human Resources

Ethics

Margin of Safety from bargain price

Intrinsic Value vs. Market Value

Ben Graham lost 70% of his fund’s

Market Value in 1929.

Their genius was to "capture all the important stakeholders" needed to

"increase the probability of business success."

http://www.amazon.com/dp/0615241298 and http://stores.lulu.com/4filters for the audio cd

The Four Filters Invention of Warren Buffett and Charlie Munger

Two Friends Transformed Behavioral Finance

A Book by Bud Labitan

How do we improve and optimize our investing decision making? We can use the Four Filters Invention of Warren E. Buffett and Charles T. Munger. In my view, Warren Buffett and his business partner Charlie Munger invented a four filters investing process that has been underappreciated by the business and academic communities. It is a unique mixed "formula" of three qualitative steps and then a calculation of estimated intrinsic value. Someday, it will be recognized as a major step forward in Behavioral Finance. 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.”

Learn How to Make Better Investing Decisions by using the Four Filters Process.

... an amazing formula in Behavioral Finance that includes all the stakeholders.

Understanding (the Business and its Products)

Sustainable Competitive Advantage (repeat Customers)

Able and Trustworthy (Managers)

Margin of Safety

Click on the images for abridged previews of this book. ( Adobe PDF file format above. )

As significant as the refinement of the microscope by Antonie van Leeuwenhoek, I believe that Warren Buffett and Charlie Munger invented an investing formula and process that is underappreciated by the business and academic communities.

In my view, the Four Filters process developed by Warren Buffett and Charlie Munger is an amazing intellectual achievement in both practical and Behavioral Finance. They serve as a very useful guide for assessing intrinsic value and sensible price. This book examines the four filters process from a Practical and Behavioral Finance point of view, and it describes the effectiveness of each filtering step.

C. "Bud" Labitan, MD, MBA, FAAFP

Warren Buffett and his business partner Charlie Munger developed a four filters investing process that has been underappreciated and underestimated by the business and academic communities. Mr. Buffett does not endorse my book, but He has allowed me to use quotes from his letters in my book to build this story and explain my case: "that the Four Filters are a major intellectual achievement in practical and behavioral finance."

Click here for an audio summary of this book.

The Four Filters Invention of Warren Buffett and Charlie Munger Audio (CD)

The Four Filters Invention of Warren Buffett and Charlie Munger ( Book )

Four Filters of Buffett & Munger - 1 Hour Speed Learning Edition Audio (CD)

Decision Making Like Buffett & Munger - High School Edition Audio (CD)

Four Filters Valuation of Buffett and Munger - Business School Edition Audio (CD)

The Four Filters Invention of Warren Buffett and Charlie Munger
Audio (CD)

The Four Filters Invention of Warren Buffett and Charlie Munger
( Book )

Four Filters of Buffett & Munger - 1 Hour Speed Learning Edition
Audio (CD)

Decision Making Like Buffett & Munger - High School Edition
Audio (CD)

Four Filters Valuation of Buffett and Munger - Business School Edition
Audio (CD)