3 Review(s)

The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments by bestselling author and equity researcher, Pat Dorsey, will help the readers with their long-term investment plans. Summary of the Book In The Little Book That Builds Wealth, the author reveals the significance of economic moats and competitive advantage and why they are strong indicators of great long-term investments. He further writes that in order to make money in today’s dynamic and unpredictable market it is important to invest in companies that will perform in the face of sustained competitive pressure. The author advices the readers to invest in companies that have economic moats as these shares will improve their odds of doing well in the stock market. The author also introduces the readers to his strategies and approach and reveals how the readers can effectively apply it to their own investments. He further writes about his four sources of structural competitive advantage – intangible assets, switching costs, network effect and cost advantage. This book will make for an ideal read for anyone looking out to invest in the stock market. About Pat Dorsey Pat Dorsey is the founder of Dorsey Asset Management. Prior to this, he was the Director of Research for Sanibel Captiva Trust. Pat was Director of Equity Research for Morningstar from 2000 to 2011. He has a Master’s degree in Political Science from Northwestern University and a Bachelor’s degree in government from Wesleyan University. He has also authored The Five Rules for Successful Stock Investing and The Little Book that Builds Wealth.