Investment and Economic Moats
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LITTLE BOO
K
HE
THAT
BUILDS
WEALTH
The Knockout Formula for Finding Great Investments
PAT DORSEY
FOREWORD BY JOE MANSUETO
FOUNDER, CHAIRMAN, AND CEO OF MORNINGSTAR, INC.
John Wiley & Sons, Inc.
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Little Book Big Profits Series
In the Little Book Big Profits series, the brightest icons in the financial world write on topics that range from tried-and-true investment strategies to tomorrow’s new trends. Each book offers a unique perspective on investing, allowing the reader to pick and choose from the very best in investment advice today.
Books in the Little Book Big Profits series include:
The Little Book That Beats the Market, where Joel Greenblatt, founder and managing partner at Gotham Capital, reveals a “magic formula” that is easy to use and makes buying good companies at bargain prices automatic, enabling you to successfully beat the market and professional managers by a wide margin.
The Little Book of Value Investing, where Christopher Browne, managing director of Tweedy, Browne Company, LLC, the oldest value investing firm on Wall Street, simply and succinctly explains how value investing, one of the most effective investment strategies ever created, works, and shows you how it can be applied globally.
The Little Book of Common Sense Investing, where Vanguard Group founder John C. Bogle shares his own time-tested philosophies, lessons, and personal anecdotes to explain why outperforming the market is an investor illusion, and how the simplest of investment
ffirs.indd ii
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strategies—indexing—can deliver the greatest return to the greatest number of investors.
The Little Book That Makes You Rich, where Louis Navellier, financial analyst and editor of investment newsletters since 1980, offers readers a fundamental
LITTLE BOO
K
HE
THAT
BUILDS
WEALTH
The Knockout Formula for Finding Great Investments
PAT DORSEY
FOREWORD BY JOE MANSUETO
FOUNDER, CHAIRMAN, AND CEO OF MORNINGSTAR, INC.
John Wiley & Sons, Inc.
ffirs.indd v
2/1/08 12:55:38 PM
ffirs.indd iv
2/1/08 12:55:38 PM
T
K
H
LITTLE BOO
E
THAT
BUILDS
WEALTH
ffirs.indd i
2/1/08 12:55:36 PM
Little Book Big Profits Series
In the Little Book Big Profits series, the brightest icons in the financial world write on topics that range from tried-and-true investment strategies to tomorrow’s new trends. Each book offers a unique perspective on investing, allowing the reader to pick and choose from the very best in investment advice today.
Books in the Little Book Big Profits series include:
The Little Book That Beats the Market, where Joel Greenblatt, founder and managing partner at Gotham Capital, reveals a “magic formula” that is easy to use and makes buying good companies at bargain prices automatic, enabling you to successfully beat the market and professional managers by a wide margin.
The Little Book of Value Investing, where Christopher Browne, managing director of Tweedy, Browne Company, LLC, the oldest value investing firm on Wall Street, simply and succinctly explains how value investing, one of the most effective investment strategies ever created, works, and shows you how it can be applied globally.
The Little Book of Common Sense Investing, where Vanguard Group founder John C. Bogle shares his own time-tested philosophies, lessons, and personal anecdotes to explain why outperforming the market is an investor illusion, and how the simplest of investment
ffirs.indd ii
2/1/08 12:55:37 PM
strategies—indexing—can deliver the greatest return to the greatest number of investors.
The Little Book That Makes You Rich, where Louis Navellier, financial analyst and editor of investment newsletters since 1980, offers readers a fundamental