Warren Buffett tells investors what he looks for in stocks and companies to buy all the time, so it's no secret. Throughout his letters to shareholders and at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) annual meetings, he dispenses advice freely. 

But while investors often discuss some of these major points, such as looking for businesses that have wide moats and whose stocks appear to be undervalued, there's something else he talks about all the time that doesn't get as much attention. 

Whenever Buffett talks about what he looks for in a great business, great management always makes the list.

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Source Fool.com