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    The Little Book That Builds Wealth: Morningstar's Knock-out Formula
    The Little Book That Builds Wealth: Morningstar's Knock-out Formula
    The Little Book That Builds Wealth: Morningstar's Knock-out Formula
    Audiobook4 hours

    The Little Book That Builds Wealth: Morningstar's Knock-out Formula

    Written by Pat Dorsey

    Narrated by Steve Blane

    4.5/5

    ()

    About this audiobook

    All highly profitable firms attract competitors, and only firms that are able to keep competition at bay will earn above-average profits for an extended period of time. An economic moat - or competitive advantage - allows a company to fend off competitors and earn sustainable excess economic profits.
    In The Little Book That Builds Wealth, Pat Dorsey, the head of Morningstar's equity research team, outlines an effective approach to investing that includes economic moats and tells you how to apply this strategy to your own investment endeavors.
    Divided into six comprehensive parts, this reliable resource guides you step by step down the path to understanding and discovering what an economic moat is, how to measure it against other moats, and how to best select a company using this method. While the moat concept is not a new one - it was made famous by Benjamin Graham and Warren Buffett - Dorsey discusses how the modern-day investor can use this strategy to select companies that possess a wide moat and feature good growth fundamentals as well as an attractive stock price.
    With this audiobook as your guide, you will discover why moats should be an integral part of your analytical investment toolkit and learn how to leverage this approach to build a portfolio of high-performance stocks.
    LanguageEnglish
    PublisherAscent Audio
    Release dateApr 14, 2008
    ISBN9781596592339
    The Little Book That Builds Wealth: Morningstar's Knock-out Formula

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    Reviews for The Little Book That Builds Wealth

    4.5/5

    39 ratings2 reviews

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    • 3/5
      Some 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.
    • 5/5
      Quite simple and effective. Discusses more on qualitative side of the stocks.