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The Little Book that Builds Wealth: The Knockout Formula for Finding Great Investments – Pat Dorsey
Non-fiction / 26th August 2019

Introduction The Little Book that Builds Wealth is about how to find a company with great economic moats. It condenses the experience of the author in identifying great companies to invest in. Its aim is to help us to find wonderful businesses with long term potential. Author Pat Dorsey is the founder of his eponymous firm, Dorsey Asset Management. He was the Director of Equity Research for Morningstar from 2000 to 2011 and developed Morningstar’s economic moat ratings. He worked with Sanibel Captiva Trust after leaving Morningstar. Other than the investment field, he also has a book about fly-fishing. Content The Little Book that Builds Wealth has a foreword by Joe Mansueto, the founder of Morningstar. There are 14 chapters, with an introduction and a conclusion. The first 10 chapters are about economic moats, their allures, sources and false moats. The remaining chapters are about the application of the knowledge. There are some case studies and valuation tools. Finally, the author also gives advice on when to sell. Every chapter is followed by a summary where the author presents the main ideas of that particular chapter. Review This investment book is easy to read and the flow of the author’s…