Thanks to Mohnish Parabai for sharing the lessons he learnt form the masters, Buffet and Munger. He shared these insights in an interview with seeking alpha.
I am summarizing the postulates here for a quick and easy reference.
1. Be patient you will get rich
2. Stay away from leverage
3. Follow the greats ( how they invest, where they are investing / 13F )
4. Look at companies who are buying back their stocks
5. Carefully study spinoff’s
one of the reference books suggested by Mohnish on the subject of spinoff’s is “You can be a stock market genius to“