
Managing Partner, Labitan Partners LLC
Greater Chicago Area

Managing Partner, Labitan Partners LLC
Greater Chicago Area
What can I do for you? Can I help you connect with other people, manage a portion of your investments, discuss ideas, or just provide an objective opinion? You can email me at ( budlabitan@aol.com ). Together, we can structure win-win situations for ourselves and for others in this world. With integrity and patience, we can also earn superior profits by carefully evaluating facts and continuously exercising discipline.
I recently released a book called "The Four Filters Invention of Warren Buffett and Charlie Munger." It is available for purchase from www.frips.com
I have been a steelworker, student, medical doctor, county board of health member, medical director, and a software developer. In 2003, I earned my MBA, and started a career in intrinsic value investing. This was formalized as an Private Equity LLC in 2004.
Labitan Partners is a small private investment firm in Northwest Indiana. I specialized in the study of Benjamin Graham, Warren Buffett, and Charles Munger. And, I try to exercise discipline in each purchase decision. More information about me is available at www.frips.com
Pictures from the BRK annual meeting in Omaha are posted here:
http://groups.msn.com/BerkshireHathawayShareholders/johngartmann.msnw
and it has a page 2.
Company Information:
http://www.frips.com/labitanllc.htm
I also provide a free piece of software for windows xp for performing basic company research over the internet. It is completely safe because I built it myself and stand behind it. You may download a copy at http://www.frips.com/budlab.exe
I have posted articles on best practices in value investing here:
http://www.gurufocus.com/news.php?author=Bud+Labitan
(Investment Management industry)
January 2004 — Present (4 years 7 months)
How do we overcome our conventional tendencies when framing our investment decisions? Elaborate! The Elaboration Effect refers to the inhibition of common framing effects when decision makers are asked to elaborate their decision making process. The process of elaboration appears to work because one allows himself or herself to eliminate less than optimal choices. Buffett has always told students to be able to "explain why you are buying a stock." In my view, Warren Buffett knew the benefits of practicing "the elaboration process/effect" when framing a decision long before Satoshi Fujii & Kazuhisa Takemura wrote about it in their 2003 Behavioral Finance paper.
(Investment Management industry)
January 2004 — Present (4 years 7 months)
Chief Investment Officer
(Privately Held; Venture Capital & Private Equity industry)
June 1998 — Present (10 years 2 months)
(Educational Institution; 51-200 employees; Education Management industry)
August 2001 — May 2003 (1 year 10 months)
MBA Student
MBA, Management and Finance, 2001 — 2003
MD, Medicine, 1984 — 1987
BS, Biological Sciences, 1978 — 1982
Intrinsic Value Investing contact: budlabitan@aol.com Greg Binning and I have combined his open-sourced vb code and my investing workbook into a free software application called archbot. The new open-source A.I. software for Windows XP provides over 2000 simulated Warren Buffett responses in basic sensible investing. We welcome comments and volunteers who are motivated to enhance and make this free project even better. All the files, including support and source code are in one big download here: http://rapidshare.com/files/77121575/installarchbot.exe.html
TopLinked.com
Open-source A.I. Archbot Architecture Software Development:
http://rapidshare.com/files/77121575/installarchbot.exe.html
Fellow, American Academy of Family Physicians in 1998
Article: "Investing Best Practice, The Elaboration Effect"
http://www.gurufocus.com/forum/read.php?2,3051,3051