|Print List Price:||$24.95|
Save $9.95 (40%)
JOHN WILEY AND SONS INC
Price set by seller.
Your Memberships & Subscriptions
The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments (Little Books. Big Profits 12) Kindle Edition
|New from||Used from|
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
"Pat Dorsey...discusses in an easy to read style why economicmoats are such great indicators of long term performance."(Pensions World, October 2008)--This text refers to an alternate kindle_edition edition.
From the Inside Flap
To make money in today's dynamic market environment, you need toinvest in companies that will perform in the face of sustainedcompetitive pressure. But how can you accurately identify companiesthat are great today and likely to remain great for many years tocome?
The answer to this question lies in competitive advantages, oreconomic moats. Just as moats were dug around medieval castles tokeep the opposition at bay, economic moats protect the high returnson capital enjoyed by the world's best companies. If you canidentify companies that have moats, and you can purchase theirshares at reasonable prices, you'll begin to build a portfolio ofsolid businesses that will improve your odds of doing well in thestock market.
In The Little Book That Builds Wealth, author PatDorseythe Director of Equity Research for leading independentinvestment research provider Morningstar, Inc.outlines thisproven approach and reveals how you can effectively apply it toyour own investments. Step by step, Dorsey discusses why economicmoats are such strong indicators of great long-term investments andexamines four of their most common sources: intangible assets, costadvantages, customer-switching costs, and network economics. Afterestablishing a firm understanding of moats, Dorsey shows you how torecognize moats that are eroding, the key role that industrystructure plays in creating competitive advantage, and howmanagement can create (as well as destroy) moats.
Along the way, Dorsey provides an informative overview ofvaluationbecause even a wide-moat company will be a poorinvestment if you pay too much for its sharesand illustratesthe issues addressed through case studies that apply competitiveanalysis to some well-known companies.
Although the moat concept is not a new oneit was madefamous by Warren Buffettthe modern-day investor can benefitfrom what it has to offer. With The Little Book That Builds Wealthas your guide, you'll quickly discover why moats should be anintegral part of your analytical investment toolkit and learn howto leverage this approach to build a portfolio of high-performancestocks.--This text refers to an alternate kindle_edition edition.
- ASIN : B008L045N4
- Publisher : Wiley; 1st edition (May 18, 2009)
- Publication date : May 18, 2009
- Language : English
- File size : 721 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Not Enabled
- Word Wise : Enabled
- Print length : 225 pages
- Lending : Enabled
- Best Sellers Rank: #284,949 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
Top reviews from the United States
There was a problem filtering reviews right now. Please try again later.
Another great thing he dispels with respect to common investing theory is the importance of management. Even an idiot in a good business can generate cash but God himself as Chairman and CEO can't if he's in a fundamentally horrible business.
Top reviews from other countries
Good companion books for investing like Warren Buffett are:
Invest Like Warren Buffett: Powerful Strategies for Building Wealth
Invest With The House: Hacking The Top Hedge Funds