Part 2/7:
Buffett and Munger have developed a reputation for successfully acquiring businesses and establishing trust with various partners. However, the pair acknowledges that this success comes after filtering through a significant number of potential collaborators. The duo engages in meticulous scrutiny, allowing them to weed out those who may not align with their values and investment philosophy.
Buffett emphasizes that many individuals provide subtle hints about their character through their language and behavior during business discussions. He and Munger have developed a keen sense of these signals over the years, allowing them to judge potential partners more accurately.