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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 show more 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. show lessTags
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10 Works 377 Members
Pat Dorsey has been a fly-fishing guide for almost thirty years and is southwest field editor for Fly Fisherman. Author of Colorado Guide Flies, Fly Fishing Tailwaters, and Fly Fishing Guide to the South Platte River, Pat travels the US speaking to local, Trout Unlimited, and Federation of Fly Fishers clubs and conducts seminars at trade shows show more throughout the country. He lives in Parker, Colorado. show less
Series
Common Knowledge
- Canonical title
- The Little Book That Builds Wealth
- Alternate titles
- The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments
Classifications
Statistics
- Members
- 161
- Popularity
- 204,224
- Rating
- (4.00)
- Languages
- English, German, Spanish
- Media
- Paper, Audiobook, Ebook
- ISBNs
- 19
- ASINs
- 3
