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. 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.
