The Little Book That Builds Wealth by Pat Dorsey (High Quality)

Unlock the Power of Economic Moats for Long-Term Investment Success

In The Little Book That Builds Wealth, Pat Dorsey—Director of Equity Research at Morningstar, Inc.—introduces the concept of competitive advantages, or "economic moats," and explains why they are critical indicators of superior long-term investments. Dorsey examines four key sources of these moats: intangible assets, cost advantages, customer-switching costs, and network economics.

Through clear explanations and practical insights, Dorsey demonstrates how these moats protect businesses from competition and enable them to deliver consistent returns over time. This book offers a proven investment approach that shows you how to identify companies with sustainable competitive advantages and apply these principles to your own investment strategy.

Key Features:

• Learn how to recognize businesses with strong economic moats that can generate wealth over the long term.
• Gain practical tools to identify investment opportunities based on competitive advantages.
• Understand the four main sources of economic moats: intangible assets, cost advantages, customer-switching costs, and network economics.
• Apply a systematic, proven framework to evaluate companies and build a portfolio designed for sustained growth.

Whether you're a novice or experienced investor, The Little Book That Builds Wealth offers invaluable insights into identifying and investing in companies with lasting competitive advantages.