Poets give each other weird gifts. About ten or so years ago, a friend of mine gifted me with a chewy metaphor that I’ve gnawed on for a while now. He said he thought that, at birth, every person got issued two infinitely expandable notebooks. He said one of the books was a YES-book and the other was a NO-book. I imagined them to be like the kind I use for making my journals but with automatic pages or something…
It’s likely that anyone who is serious about the art of investing money has at least looked at author Bud Labitan’s fan book, THE FOUR FILTERS INVENTION OF WARREN BUFFETT AND CHARLIE MUNGER, which first hit the bookstores in 2008. It lays out the thinking processes these acclaimed money-meisters used to frame and make their financial decisions as they built fabulous fortunes for themselves and their clients. These “filters” are the rules-of-thumb Buffet and Munger developed to help them make…
