I received the news that Bud Labitan has released his first book entitled The Four Filters: Invention of Warren Buffett and Charlie Munger. As you might recall, I provided a sneak preview of The Four Filters back in March. That excerpt provides a good overview of the book.
As significant as the refinement of the microscope by Antonie van Leeuwenhoek, Labitan believes that Warren Buffett and Charlie Munger invented an investing formula that is underappreciated by the business and academic communities. In his view, the Four Filters developed by Warren E. Buffett and Charles T. Munger is an amazing intellectual achievement in both practical and behavioral finance. He thinks it will have a major future impact in the way business, management, and behavioral finance thinkers shape new methods of combining qualitative and quantitative valuation. After all, the Four Filters are an important set of steps used by the world’s greatest investors. While Mr. Buffett does not endorse this book, he did give Dr. Labitan permission to use his quotes from the annual letters to shareholders. Labitan weaves the material into the story of successful “framing” and the “filtering out” suboptimal investment choices.
Bud’s book is available for order via the secure Google Checkout system at Bud’s website, www.frips.com. The Four Filters is being released in two formats, a spiral bound book for $39.95 and $29.95 for an audio cd generated from text to speech technology read at a rate of 150 words per minute. Bud was planning to publish with a major publisher and he had a contract offer. However, they had wanted to change the book and drop Charlie Munger and Four Filters from the title. This along with plans to expand and dilute the prose was too much for this first time author to bear. Therefore, Bud Labitan decided to self publish his book so that his work could be shared the way he intended, lean and valuable, the new standard in “intelligent investing.”