Charlie Munger, the Vice Chairman of Berkshire Hathaway mentions their "4 Investing Filters".
1. Understand the Business
2. Sustainable Competitive Advantages
3. Able and Trustworthy Managers
4. Bargain Price = Margin of Safety
"It is a very simple set of ideas and the reason that our idea has not spread faster is that they are too simple."
The QMV or QVM approach:
Q = Quality
M = Management
V = Valuation
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