Wednesday, June 03, 2009

Good to Great

I just finished reading Good to Great by Jim Collins. If you haven't read it yet, it is definitely a good read, in addition to the sister publication Built to Last. It is especially good for value investors because the ideas in these books are the same ones that Buffett and Munger often talk about. Warren Buffett often refers to them as "wonderful businesses".

I think every value investor (generally, a long term investor) should read these books because they will help you identify those wonderful companies using the elusive non-financial, softer traits such as management quality and culture.