The Four Filters Invention Of Warren Buffett And Charlie Munger Second Edition

Author : Bud Labitan
Publisher : Lulu.com
Page : 208 pages
File Size : 55,7 Mb
Release : 2014-03-25
Category : Business & Economics
ISBN : 9781304978189

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The Four Filters Invention of Warren Buffett and Charlie Munger ( Second Edition ) by Bud Labitan Pdf

"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.

Author : Bud Labitan
Publisher : Lulu.com
Page : 66 pages
File Size : 40,9 Mb
Release : 2019-01-25
Category : Business & Economics
ISBN : 9780359382217

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Quick Guide to the Four Investing Filters of Warren Buffett and Charlie Munger by Bud Labitan Pdf

This book is a quick guide to understanding the four investing filters of Warren Buffett and Charlie Munger. It is a shorter version of his previous book and is designed to improve your investment thinking. How do you set a price for your stock purchases? In Chapter 4, the author estimates an intrinsic value (of Apple stock). First, start by trying to understand the qualities of a first-class business. The four filters will help you optimize your decision making. Warren Buffett said it best: "An investor cannot obtain superior profits from stocks by simply committing to a specific investment category or style. He or she can earn them only by carefully evaluating facts and continuously exercising discipline."

Author : Bud Labitan
Publisher : Lulu.com
Page : 152 pages
File Size : 44,6 Mb
Release : 2010-03-15
Category : Biography & Autobiography
ISBN : 9780557366774

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The Four Filters Invention of Warren Buffett and Charlie Munger ( Large Print Edition ) by Bud Labitan Pdf

"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.

Author : Bud Labitan
Publisher : Lulu.com
Page : 84 pages
File Size : 43,5 Mb
Release : 2015-10-20
Category : Business & Economics
ISBN : 9781329634954

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A Fistful of Valuations in the style of Warren Buffett & Charlie Munger (Third Edition, 2015) by Bud Labitan Pdf

This book offers 5 sample "intrinsic value per share" business valuation estimations that were first performed in 2010. Done in a style that Warren Buffett and Charlie Munger may use, these valuations are based on free cash flows each business produced. In each case presented, the author, Bud Labitan, simulated an approach that Buffett and Munger might take to valuing a business, based on what they have written and talked about. However, all of the growth assumptions used are Labitan's own. No consultation or endorsement was sought with Mr. Buffett or Mr. Munger. How is this portfolio of five businesses doing after five years? If the reader had invested an equal amount of money in all five businesses in 2010, the average annual return so far would be 42%.

Author : Bud Labitan
Publisher : Lulu.com
Page : 56 pages
File Size : 50,9 Mb
Release : 2012-07-12
Category : Business & Economics
ISBN : 9781105954191

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A Fistful of Valuations, Second Edition by Bud Labitan Pdf

This second edition is a look back at the 2 year results. "A Fistful Of Valuations" offers 5 sample "intrinsic value per share" business valuations in the style that Warren Buffett and Charlie Munger may use. In each case the author tried to simulate an approach that they would take to valuing a business, based on what they have written and talked about. All of the growth assumptions used are the author's own. The valuation cases are estimations written in a style that emphasizes a focus on free cash flow and the number of shares outstanding. Readers are encouraged to think about the business' competitive position. In reality, these businesses may outperform or underperform the author's projections.

Author : Bud Labitan
Publisher : Lulu.com
Page : 188 pages
File Size : 40,9 Mb
Release : 2010-05-24
Category : Finance
ISBN : 9780557483334

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Valuations - 30 Intrinsic Value Estimations in the style of Warren Buffett and Charlie Munger by Bud Labitan Pdf

This book offers 30 sample "intrinsic value per share" business valuations in the style that Warren Buffett and Charlie Munger may use. In each case the author tried to simulate an approach that they would take to valuing a business, based on what they have written and talked about. However, all of the growth assumptions used are the author's own. No consultation nor endorsement was sought with Mr. Buffett or his business partner Mr. Munger. The examples given are chosen for educational and illustrative purposes only. The valuation cases are estimations written in a style that emphasizes a focus on free cash flow and the number of shares outstanding. Readers are also repeatedly encouraged to think about the business' competitive position. In reality, these businesses may outperform or they may underperform any of the author's projections.

Author : Bud Labitan
Publisher : Lulu.com
Page : 40 pages
File Size : 47,9 Mb
Release : 2013-04-08
Category : Business & Economics
ISBN : 9781300916260

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1988 Valuation of Coca-Cola by Bud Labitan Pdf

For years, we have wondered how Warren Buffett valued Coca-Cola, (KO), stock at such a deep bargain in 1988. This book describes a simple two stage discounted cash flow model that delivers a close approximation. This exercise is our quantitative estimation of Coca Cola's Intrinsic Value Per Share in 1988. First, we describe our 2-stage "discounted cash flow" valuation model. Our estimating model is strict. It assumes a business will only "live" for 20 years. Within the model, we apply compounding growth to the first 10 years. Then, we assume a lower growth rate for years 11 till the end of year 20. Since intrinsic value is a highly subjective figure, readers can adjust their model to the quality of the business they wish to value. This book also describes the Warren Buffett secret of "Yield On Cost" when investing in a high quality business bargain.

Author : Robert G. Hagstrom
Publisher : John Wiley & Sons
Page : 299 pages
File Size : 49,9 Mb
Release : 2010-05-13
Category : Business & Economics
ISBN : 9780470893555

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The Warren Buffett Way by Robert G. Hagstrom Pdf

Buffett is back . . . and better than before! A decade has passed since the book that introduced the world to Warren Buffett -- The Warren Buffett Way by Robert Hagstrom -- first appeared. That groundbreaking book spent 21 weeks on the New York Times Hardcover Nonfiction Bestseller list and sold over 1 million copies. Since then, Warren Buffett has solidified his reputation as the greatest investor of all time -- becoming even richer and more successful, despite the wild fluctuation of the markets. How does this value investing legend continue to do it? That's where Robert Hagstrom and the Second Edition of The Warren Buffet Way come in. This edition is a completely revised and updated look at the Oracle of Omaha -- comprising Buffett's numerous investments and accomplishments over the past ten years, as well as the timeless and highly successful investment strategies and techniques he has always used to come out a market winner. This edition is especially accessible as Buffett's basic tenets of investing are presented and illuminated with relevant and up to date examples. Order your copy today!

Author : Bud Labitan
Publisher : Lulu.com
Page : 83 pages
File Size : 42,5 Mb
Release : 2010-03-22
Category : Business & Economics
ISBN : 9780557373079

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Decision Framing by Bud Labitan Pdf

From the author of "The Four Filters Invention of Warren Buffett and Charlie Munger," Decision Framing is a look into the six core chapters of his second book "Price To Value." This book presents the four business investing decision filters of Buffett and Munger. Then it extends these ideas by looking into the intelligent speculation ideal described by Benjamin Graham in his tenth lecture of 1946. This book is intended to inspire clearer thinking by suggesting a better approach to structuring a decision. An improved approach to thinking rationally can take our skills from good to better. Why offer this shorter book and call it Decision Framing? The simple answer is Cost/Price. Since the cost of producing this shorter book in paperback form is lower, this one can be offered to busy college students interested in learning more about business and decision science.

Author : DANIEL. PECAUT
Publisher : Jaico Publishing House
Page : 306 pages
File Size : 41,9 Mb
Release : 2019-01-01
Category : Electronic
ISBN : 9789388423601

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INTO THE MINDS OF WARREN BUFFETT AND CHARLIE MUNGER. by DANIEL. PECAUT Pdf

Author : Bud Labitan
Publisher : Lulu.com
Page : 360 pages
File Size : 55,5 Mb
Release : 2012-01-05
Category : Business & Economics
ISBN : 9781105422867

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Moats : The Competitive Advantages of Buffett and Munger Businesses by Bud Labitan Pdf

Labitan examines the competitive advantages of businesses that Warren Buffett and Charlie Munger bought for Berkshire Hathaway Inc. The title of the book is based on the concept that businesses need a 'moat' to protect their returns on invested capital. The businesses are presented alphabetically, from Acme Brick Company to XTRA Corporation.

Author : Keith Ashworth-Lord
Publisher : Harriman House Limited
Page : 150 pages
File Size : 40,5 Mb
Release : 2016-07-29
Category : Business & Economics
ISBN : 9780857194855

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Invest In The Best by Keith Ashworth-Lord Pdf

This book concentrates on the investment style of Business Perspective Investing, as practiced by Benjamin Graham and Warren Buffett. It takes the reader through the realisation that the thought process involved when buying shares in a company is no different to buying the company in its entirety. Beginning with how to assess the quality of a business, it explains and illustrates with examples what to look for in company accounts, how to determine the value drivers of a business, the strength of its franchise and how to interpret key financial ratios and performance indicators. It discusses the ideal characteristics of a business worthy of investment so that you will develop a mental checklist of what to look out for. The book then sets out a number of valuation methods to determine the likely economic worth of a company. It is against this estimate that a judgement can be made as to whether a share price offers good value. The book concludes with thoughts on portfolio construction, in particular Focus Investing, where a concentrated approach is taken, and legitimate reasons for deciding to sell a holding. Throughout, the emphasis is on the methodology used to manage the Sanford DeLand UK Buffettology Fund.

Author : Wesley Anderson
Publisher : Independently Published
Page : 244 pages
File Size : 55,5 Mb
Release : 2019-06-29
Category : Electronic
ISBN : 1074349350

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Warren Buffett and Charlie Munger by Wesley Anderson Pdf

Two investing titans, their lives closely intertwined. Now, this ground-breaking book seeks to pull back the curtain on their lesser known early years and give a powerful view of why these men grew to be the influential powerhouses they are today. Inside this detailed account of the greatest investing duo who ever lived, you'll discover everything from their upbringings and family lives to the investing deals that mark their careers. From Warren's rocky start in life and his rise to financial fame, to the key partnerships which formed the duo that shook the world, you'll learn about their key roles in company wars, the partnerships that let businesses rise to glory, and how their investments shaped the corporate world. But aside from the success stories, you'll also get a chance to read about the mistakes and troubles that impacted their careers - along with how they overcame them all. From ill health and the 2008 housing crash to the countless ups and downs of their careers, this incredible account of Warren and Charlie's lives is a testament to how these men persevered against all hardship to cement their places in financial history, along with the life lessons they learned along the way. Covering the lives of Warren's forefathers and the events which shaped the family, buy now and discover the secrets of why these men are known as the greatest investing duo ever!

Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 51,9 Mb
Release : 2018
Category : Finance
ISBN : 8829502197

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Charlie Munger by Anonim Pdf

Charlie Munger, Berkshire Hathaway's visionary vice chairman and Warren Buffett's indispensable financial partner, has outperformed market indexes again and again, and he believes any investor can do the same. His notion of "elementary, worldly wisdom"―a set of interdisciplinary mental models involving economics, business, psychology, ethics, and management―allows him to keep his emotions out of his investments and avoid the common pitfalls of bad judgment. Munger's system has steered his investments for forty years and has guided generations of successful investors. This book presents the essential steps of Munger's investing strategy, condensed here for the first time from interviews, speeches, writings, and shareholder letters, and paired with commentary from fund managers, value investors, and business-case historians. Derived from Ben Graham's value-investing system, Munger's approach is straightforward enough that ordinary investors can apply it to their portfolios. This book is not simply about investing. It is about cultivating mental models for your whole life, but especially for your investments.

Author : Adam J. Mead
Publisher : Harriman House Limited
Page : 480 pages
File Size : 45,6 Mb
Release : 2021-04-13
Category : Business & Economics
ISBN : 9780857199133

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The Complete Financial History of Berkshire Hathaway by Adam J. Mead Pdf

For the first time the complete financial history of Berkshire Hathaway is available under one cover in chronological format. Beginning at the origins of the predecessor companies in the textile industry, the reader can examine the development of the modern-day conglomerate year-by-year and decade-by-decade, watching as the struggling textile company morphs into what it has become today. This comprehensive analysis distils over 10,000 pages of research material, including Buffett’s Chairman’s letters, Berkshire Hathaway annual reports and SEC filings, annual meeting transcripts, subsidiary financials, and more. The analysis of each year is supplemented with Buffett’s own commentary where relevant, and examines all important acquisitions, investments, and other capital allocation decisions. The appendices contain balance sheets, income statements, statements of cash flows, and key ratios dating back to the 1930s, materials brought together for the first time. The structure of the book allows the new student to follow the logic, reasoning, and capital allocation decisions made by Warren Buffett and Charlie Munger from the very beginning. Existing Berkshire shareholders and long-time observers will find new information and refreshing analysis, and a convenient reference guide to the decades of financial moves that built the modern-day respected enterprise that is Berkshire Hathaway.