C.V. of Bud Labitan

Cesar M. Labitan, Jr. MD, ABFP, FAAFP, MBA

phone: 219-677-6281

email: budlabitan@aol.com

1301 Inverness Lane, Schererville, Indiana, 46375

I am a 2003 graduate of the MBA for Executives at Purdue  University Calumet,  School of Management, and I am seeking a new job with Berkshire Hathaway in business analysis and investment management. At my present age of 48, I know that time is a friend of the wonderful business and the enemy of the mediocre.

In proper time, I would like to lead the investment management process of a large value-based organization according to the investment principles set by Warren Buffett.  I formed LABITAN PARTNERS, LLC in 2004. It was organized for the purpose of long-term value investing in securities. As its Operating Manager, my objective was to make sensible business decisions and outperform all major indices over the long run.

My advantage is the attitude and philosophy learned from the writings of Ben Graham, Warren Buffett, and Charles Munger.   This key to successful investing is the purchase of shares in high quality businesses that have enduring competitive advantages, when market prices are at a large discount from underlying business values.  Using this approach, I succeeded at managing funds for myself and family members during the recessionary period of 2000, and I have attained a yearly average return of   22.5 percent for the past 5 years on a very small portfolio.  In 2004, I formed Labitan Partners LLC as a private equity group dedicated to practicing this valuation approach. The area of Behavioral Finance that has most facinated me is called "successful practioner framing. I began writing a book that describes this process, and it was initially called "The Four Filters Invention of Warren Buffett and Charles Munger."

As a family physician, I have managed my own business.   I developed skills in subjective and objective analysis as well as assessment and plan formulation.   In addition to these diagnostic skills, I practice human relationship and leadership skills in and out of the work setting.  As a business graduate student, I arranged and edited "The Warren Buffett Business Factors", in order to better understand Warren Buffett and Charles Munger's decision making processes. I use it as a personal guide to my own investment decision making.

Education

2003 Graduate, MBA for Executives at Purdue University, Calumet. GPA = 3.57 / 4.0

2003 Research Project Link: http://www.financialsense.com/fsu/editorials/2003/0429.htm

1998 Fellow, elected to Fellow-level, American Academy of Family Physicians

1997 Advanced Software Development Courses – I.M.G., Chicago Il.

1990 A.B.F.P. Board-certified

1987 Doctor of Medicine - American University of the Caribbean

1982 B.S. Biological Sciences, Indiana University.

Management Experience

Managing Family Physician - Labitan Medical Services Valparaiso, IN.  1990-1997

Managed a population of 3,000 patients and an independent Family Practice Clinic.

Managed Patient Care as Medical Director, Lifecare Center of Valparaiso 1992-1993

Employment Experience

Contracted Primary Care Physician – Whiting Medical Center, Whiting Indiana

Contracted Urgent Care Physician – St. Catherine Hospital,  East Chicago Indiana

Contracted Urgent Care Physician – Hammond Clinic, Munster Indiana

Managing Family Physician – F.C.C.I.,  St. John Indiana

Consultant and Software Developer – Information Management Group, Chicago Il.

Managing Family Physician - Labitan Medical Services Valparaiso, IN.

Medical Director, Lifecare Skilled Nursing Center of Valparaiso, Valparaiso, IN.

Resident Physician – Methodist Hospitals Gary Indiana

Additional Training And Seminars

Completed Financial Management with honors

Completed Management Information Systems with honors

Completed Human Resource Management with honors

Completed Business Law with honors

Completed Accounting for Managers with honors

Completed Marketing Management and Business Communication

Completed Quantitative Methods and Business Statistics

Completed Economics for Managers

Completed Enterprise Client/Server Development with Visual Basic 5.0

Completed Mastering VB 5.0 and  Advanced Topics in VB 5.0 Development

Completed Developing Applications in Microsoft Access 8.0 ( I - II )

Professional Organizations

Fellow, American Academy of Family Physicians 1998

Microsoft Developer Network member 1995-1996

Board Member, Porter County Board of Health 1992