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Ebook222 pages2 hours
The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments
By Pat Dorsey
Rating: 3 out of 5 stars
3/5
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Currently unavailable on Scribd
Currently unavailable on Scribd
About this ebook
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.
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Reviews for The Little Book That Builds Wealth
Rating: 3 out of 5 stars
3/5
1 rating1 review
- Rating: 3 out of 5 stars3/5Some useful tips on how to find companies with a competitive advantage for long-term investing. However, they require a lot of research. If that's not for you, don't bother reading the book. I listened to the audiobook, and the reader did not have a compelling voice.Unlike other Little Books, there is no website to give you a list of stocks that match the author's criteria. I suspect one needs to sign up with Morningstar to get those. In fact, at times it felt like an advertisement for Morningstar.Apparently this book is a shorter version of The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market. This little book had enough useful info to pique my curiosity for the longer version.