Source: picpedia.org.
Background
You can't make a good deal with a bad person.
- Warren Buffett
Able and trustworthy management is one of the preconditions for Buffett/Munger to make any equity investment. Although the reverse may not be always true, even a great business in the hands of poor management often dampens shareholders' returns.
Management is an important factor (and with one of the highest weights) in my business quality ranking model. It is mainly qualitative, thereby being not easy to get quantified and seemingly one of the most underrated in today's stock