One of the most amazing things about Warren Buffett, besides his phenomenal success of course, is the fact that he's open and honest about how he plies his trade.

In fact, it was more than three decades ago that he first shared his approach to investing with shareholders of Berkshire Hathaway:

We select our marketable equity securities in much the way we would evaluate a business for acquisition in its entirety. We want the business to be one (a) that we can understand; (b) with favorable long-term prospects; (c) operated by honest and competent people; and (d) available at a very attractive price.

Using this framework, Motley Fool analysts Michael Douglass and John Maxfield discuss in the video below whether or not the Oracle of Omaha would consider taking a stake in the Chinese e-commerce giant Alibaba. The selection is from the latest episode of "Where the Money Is", a weekly program covering a wide swath of news for investors.

John Maxfield has no position in any stocks mentioned. Michael Douglass owns shares of Apple. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.