Warren Buffett Way by Robert Hagstrom presents two seemingly contradictory themes.
(1) He makes the case that Warren Buffett has a set of guidelines used
when purchasing companies via the equity market. (2) He then analyzes
Buffett's largest purchases, but this indicates that Buffett doesn't need all the guidelines
to be met when putting large percentages of the money under his control on the line.
The list of guidelines makes sense (chapter 4), and useful is the knowledge that Buffett didn't
wait for everything to be right before investing (especially the things he didn't wait for).
What's the minimum number of questions you can ask, which will allow you
to determine someone's preferred learning modality? Once you know this, you
would be able to present information to them in the format they prefer. The
goal is cut down on the following cycle:
- Pitch idea to someone
- They say What?
- Reformat idea