It's intersting to see how opinions differ on such a relatively straight forward matter, turning it into not such a straight forward matter! It's one of the reasons that make this forum so addictive and such interesting reading.
Personally, I rinse my brushes out in hot water, squeeze the remaining soap out rinse again. I then shake out the water and sort of strop them on a towel to dry them. They then stand upright ready for next time. I don't use a stand to hang them.