Book Description | In The Little Book That Builds Wealth, author Pat Dorsey-the Director of Equity Research for leading independent investment research provider Morningstar, Inc.-reveals why competitive advantages, or economic moats, are such strong indicators of great long-term investments and examines four of their most common sources: intangible assets, cost advantages, customer-switching costs, and network economics. Along the way, he skillfully outlines this proven approach and reveals how you can effectively apply it to your own investment endeavors. |
Editorial Review | A detailed exploration of Warren Buffet's wide economic moat" concept - how to find companies with a true in-built competitive advantage." ( Financial Times , Tues 26th February) "With this suitably small-sized book under your arm - or neatly in your handbag - the World's markets are yours." Investment Adviser Monday 12 May 2008 |
About the Author | Pat Dorsey , CFA, is Director of Equity Research at Morningstar, Inc. He played an integral part in the development of the Morningstar Rating for stocks, as well as Morningstar's economic moat ratings. Dorsey is also the author of The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market (Wiley). He holds a master's degree in political science from Northwestern University and a bachelor's degree in government from Wesleyan University. Please visit www.findingmoats.com. |
Publication Date | 11-Mar-08 |
Number of Pages | 224 |