Released on: March 20, 2008, 8:11 am

Press Release Author: Bud Labitan

Industry: Financial

Press Release Summary: Book Preview: \"The Four Filters Invention of Warren Buffett
and Charlie Munger.\" Abridged Version.

Press Release Body: A Book Preview is available here: www.frips.com/4fab.pdf

\"The Four Filters Invention of Warren Buffett and Charlie Munger.\" Abridged Version.

As significant as the refinement of the microscope by Antonie van Leeuwenhoek, I
believe that Warren Buffett and Charlie Munger invented an investing formula that is
underappreciated by the business and academic communities. In my view, the Four
Filters developed by Warren E. Buffett and Charles T. Munger is an amazing
intellectual achievement in both practical and Behavioral Finance. The Four Filters
are a remarkable and important set of steps used by the world's greatest investors.
The Four Filters function as an effective time-tested focusing formula for investing
success. They serve as a very useful guide for assessing intrinsic value and
sensible price.

Behavioral Finance and Common Sense have shown us that we all have human tendencies
to frame ideas that are affected by our emotions. Ideally, we would use the best of
our emotional and intellectual energies in the right way. In my view, the Four
Filters reduce the risk of investment failure by helping us steer a better path to a
quality bargain.

Charlie Munger has spoken about the merits of having a "pilot's checklist." This is
something I did not appreciate until I studied the Four Filters. These days, Warren
Buffett mentions the Four Filters this way: "Charlie and I look for companies that
have a) a business we understand; b) favorable long-term economics; c) able and
trustworthy management; and d) a sensible price tag." These Four Filters can enhance
the probability of our investment success. I think they will help you in your search
for intrinsic value and sensible investment.

The Four Filters Formula is remarkably effective in maximizing profit and preventing
loss. It is an elegant algorithm that combines the use of important qualitative and
quantitative decision steps. The author predicts that it will someday be recognized
as a major contribution to the field of Behavioral Finance.


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Web Site: http://www.frips.com

Contact Details: Bud Labitan
Munster, Indiana