Granted Buffett is an obsessive genius. But even a new investor can learn how he saves time by what is important in an investment’s success and how hard he works. Proper habits drive his results. We can’t become another Buffett, but a careful reading of this case study will dramatically help you as an investor. Focus on a huge margin of safety in your investments rather than predicting the future with a pro-forma spread-sheet model.
The link is here: http://www.scribd.com/doc/65352277/CS-of-Buffett-Filter-on-Catastrophic-Risk.