Warren Buffett: Find Managers That Love The Job, Not The Money

Warren Buffett has a reputation for doing so-called handshake deals. Over the past few decades, Buffett has completed a vast range of these deals based on nothing more than a handshake or short contract.

When the Oracle of Omaha agrees to these deals, he's not just buying a business, more often than not, he is acquiring a management team as well. Indeed, for Buffett, the quality of a company's management is just as important, if not more important than the quality of a company itself.

Buffett once described his investment process as a selection process that "pulls the culture." He made these comments in 2004, as part of a Q&A...