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The Little Book That Builds Wealth. The Knockout Formula for Finding Great Investments. Edition No. 1. Little Books. Big Profits

  • ID: 2242899
  • Book
  • February 2008
  • 224 Pages
  • John Wiley and Sons Ltd
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.
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Foreword xi

Acknowledgments xvii

Introduction The Game Plan 1

Chapter One Economic Moats 7

Chapter Two Mistaken Moats 15

Chapter Three Intangible Assets 29

Chapter Four Switching Costs 43

Chapter Five The Network Effect 57

Chapter Six Cost Advantages 75

Chapter Seven The Size Advantage 91

Chapter Eight Eroding Moats 103

Chapter Nine Finding Moats 115

Chapter Ten The Big Boss 133

Chapter Eleven Where the Rubber Meets the Road 143

Chapter Twelve What’s a Moat Worth? 159

Chapter Thirteen Tools for Valuation 171

Chapter Fourteen When to Sell 187

Conclusion More than Numbers 197

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Pat Dorsey Director of Stock Analysis.
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