Within Entrepreneur Network partner Phil Town's portfolio of Rule No. 1 investing rules, there are four principles that begin with "M" to follow. One of these rules is management. Warren Buffett calls the management behind your investments as equivalent to in-laws. Communication with the management that controls your money is crucial. One of the main forms which management uses to correspond with its investors is shareholder letters. In order to draw out the right tidbits from your management's communication, look for the following within shareholder letters:
