THE LITTLE BOOK THAT BUILDS WEALTH: THE KNOCKOUT FORMULA FOR FINDING GREAT INVESTMENTS
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December 11th, 2009 >> News
- ISBN13: 9780470226513
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
In The Little Book That Builds Wealth, writer Pat Dorsey—the Director of Equity Research for heading eccentric investment investigate provider Morningstar, Inc.—reveals because rival advantages, or mercantile moats, a… More >>
The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments
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December 11th, 2009 at 6:07 am
Reviewing a book like this today is like joining a weight-loss program and concluding on the first day whether or not you got your money’s worth. Too early to tell. Ask me again after I’ve put the lessons in this book to work. Like a year from now. (Gave it a one-star rating because this system wouldn’t take my submission unless it included a rating.)
Rating: 1 / 5
December 11th, 2009 at 7:25 am
Have not finished reading book as yet, but thus far I am picking up good, useful investment information and insights. The only omission I sense, so far, is that there may not be enough “actionable” information (i.e, much theory, but lack of specific recommendations based on that theory). But I will not know that for sure until I finish the book.
Rating: 4 / 5
December 11th, 2009 at 7:33 am
This is a quick, easily comprehensible, read to understand the philosophy of Morningstar’s analysis approach and fundamental investment thesis. Well worth the money.
Rating: 5 / 5
December 11th, 2009 at 8:17 am
Warren Buffett coined the term moat which represents a competitive advantage that a company can possess over its competitors. Pat Dorsey did a great job explaining what a moat is and categorized it into four categories: Intangible Assets, Switching Costs, Network Effect, and Cost Advantages. Whenever I talk to a potential client or give a seminar on investing, I always talk about moats stemming from four sources that Mr. Dorsey explained. I absolutely loved this book.
- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market
Rating: 5 / 5
December 11th, 2009 at 8:54 am
How do you pick stocks? Do you pay attention to earnings? Chart patterns? Growth potential? Your Uncle Morty? Instead of all that, use the same basic system that investment guru Warren Buffett perfected: Look for solid profitable companies that own a piece of the market, buy their stock and hold it a long time. Morningstar, the investment research company, uses the same approach to analyze and rate stock values. Its director of equity research, Pat Dorsey, explains its stock analysis system in this small volume. The stock selection system calls for seeking companies with protected unique advantages, called “economic moats.” What sounds straightforward in theory may not be as easy in practice: Finding a structurally protected stock today is not necessarily a simple stroll across the drawbridge. Still, getAbstract finds Dorsey’s presentation succinct and readable, and recommends it to investors who are not yet familiar with value investing and similar approaches.
Rating: 4 / 5