Update. The paperback is now available on amazon.com here:

http://www.amazon.com/gp/product/0615241298

link to amazon books site

The Four Filters Invention of Warren Buffett and Charlie Munger. Two Friends Transformed
Behavioral Finance.

Paperback. ISBN 978-0-6152-4129-6

Last edited on: 08-25-2008 10:11 am

Paperback Book Announcement

"The Four Filters Invention of Warren Buffett and Charlie Munger. Two
Friends Transformed Behavioral Finance." by Bud Labitan

http://www.lulu.com/content/3215722

ISBN 978-0-6152-4129-6
Paperback book $32.95 Printed: 148 pages, 6" x 9", perfect binding,
cream interior paper (60# weight), black and white interior ink,
white exterior paper (100# weight), full-color exterior ink.

width="564"height="846">

Last edited on: 08-05-2008 11:54 am

Donald, Thanks for asking. The book is available at www.frips.com in a dark blue spiral
bound form. I am still working on getting rights to a decent picture for a dust jacket
book cover if and when it goes to hardcover form.

Last edited on: 07-09-2008 09:43 am

Bud, I purchased a B share of Berkshire Hathaway for $1,708 on 12/31/1999 and sold it for
$3,594 (because I needed cash). I enjoyed reading Buffett's annual reports. When and
where (www.frips.com?) will your book be available? I agree with you that "quality
bargains at 50 cents on the dollar may soon appear".

Buffett and Munger picture:
http://www.frips.com/wc.jpg



The Story of How Two Friends Transformed Behavioral Finance.

Last edited on: 07-08-2008 10:05 am

In short, the book is a Behavioral Finance look into how Buffett and Munger "frame" their
investing decisions.

Here is a clue:
http://www.frips.com/4filters.mp3

Happy 4th of July Weekend !

On the surface, “The Four Filters Invention of Warren Buffett and Charlie Munger” at
[www.frips.com] appears to be just a reiteration of Buffett and Munger ideas. But, a keen
and perceptive reader will notice that it goes deeper than that. My book strives to prove
that Buffett and Munger invented a unique Behavioral Finance Formula/Process composed of
three qualitative steps and one quantitative step, that is underappreciated by the
business and academic communities.

Read the summary a few times, and you will be motivated into thinking about ways we can
“frame” our important decisions. How and Why? The book was designed to motivate ( like
Jim Collins' book "Good to Great" ) as well as educate us into better framing of our other
life decisions. This book is a subtle peek into their sensible and optimal thinking within
Behavioral Finance. Also, my book includes my own valuation of Kraft, KFT.

Abridged: http://www.frips.com/4fab.pdf

Book Review Links for "Four filters Invention" :

http://www.contrarianvalueinvesting.com/2008/06/16/the-four-filters-invention-of-warren-bu
ffett-and-charlie-munger-by-bud-labitan/

http://www.valueinvestingnews.com/four-filters-invention-warren-buffett-ch-0

http://nwitimes.com:80/articles/2008/06/29/entertainment/books/doceb90e0c3538a1d4286257473
001bf09f.prt

I wrote a new book that you and other readers can review at www.frips.com

What we view as tough times may soon be viewed as "buying opportunities" for Warren
Buffett and other value investors. After all, some of their best purchases were made
during the stagflationary period of the 1970's.

I think Buffett and Munger invented an amazing Behavioral Finance Formula or Process that
is underappreciated by the business and academic communities. On paper as early as the
1977 BRK annual letter, their work in designing a mixed qualitative + quantitative formula
may be worthy of a Nobel Prize in Economics and Behavioral Finance. So, in my new
self-published book "The Four Filters Invention of Warren Buffett and Charlie Munger" (
www.frips.com ) I examine each of the basic steps they perform in "framing and making" an
investment decision. I made this book a small and focused look into this amazing invention
within "Behavioral Finance."

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."

In my view, the genius of Buffett and Munger's four filters process was to "capture all
the important stakeholders" in one "multi-variable" equation. Imagine...Products, Enduring
Customers, Managers, and Margin-of-Safety... all the important stakeholders for business
success in one mixed "qual + quant" formula...The genius of the Munger and Buffett
collaboration. And, quality bargains at 50 cents on the dollar may soon appear; Use the
Four Filters!

Thanks for your interest in my book and helping to promote awareness of my book. Here is a
10 minute audio book summary: http://www.frips.com/4fsummary.mp3

Best Regards,

Bud Labitan
www.frips.com