The Five Rules for Successful Stock Investing Morningstar Guide to Building Wealth and Winning in the Market (Audible Audio Edition) Pat Dorsey Marty Moran Joe Mansueto Audible Studios Books
Download As PDF : The Five Rules for Successful Stock Investing Morningstar Guide to Building Wealth and Winning in the Market (Audible Audio Edition) Pat Dorsey Marty Moran Joe Mansueto Audible Studios Books
Over the years, people from around the world have turned to Morningstar for strong, independent, and reliable advice. The Five Rules for Successful Stock Investing provides the kind of savvy financial guidance only a company like Morningstar could offer. Based on the philosophy that "investing should be fun, but not a game," this comprehensive guide will put even the most cautious investors back on the right track by helping them pick the right stocks, find great companies, and understand the driving forces behind different industries - without paying too much for their investments.
Written by Morningstar's Director of Stock Analysis, Pat Dorsey, The Five Rules for Successful Stock Investing includes unparalleled stock research and investment strategies covering a wide range of stock-related topics. Investors will profit from such tips as
- How to dig into a financial statement and find hidden gold . . . and deception
- How to find great companies that will create shareholder wealth
- How to analyze every corner of the market, from banks to health care
Informative and highly accessible, The Five Rules for Successful Stock Investing should be required reading for anyone looking for the right investment opportunities in today's ever-changing market.
The Five Rules for Successful Stock Investing Morningstar Guide to Building Wealth and Winning in the Market (Audible Audio Edition) Pat Dorsey Marty Moran Joe Mansueto Audible Studios Books
Pat Dorsey's book, "The Five Rules for Successful Stock Investing" gives a compehensive description of the Morningstar evaluation of a company.Explanations of "protective moat" and the term "safety margin" of a company are clearly presented as well as many other criteria of value determination used in the Morningstar evaluation process. The author clearly outlines the importance of distinguishing intrinsic value from market value of a company before puchasing . Examples are given demonstrating use of the processes and philosophy used. It is well written and is recommended reading for amateur and profession investors alike. I found it gave a lot of good tips to avoid overpaying for an investment. It also gave me a better understanding of the process and more confidence it its use to determine value. The book describes potential common mistakes made by amateur investors. I strongly recommend this book as a informative and enjoyable read.
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The Five Rules for Successful Stock Investing Morningstar Guide to Building Wealth and Winning in the Market (Audible Audio Edition) Pat Dorsey Marty Moran Joe Mansueto Audible Studios Books Reviews
Content 5 stars
Old Format 2 stars
Customer Rep 5 stars!
New Format 5 stars
I enjoyed reading the methodology and the thought process in analyzing and valuing companies. Pat does a great job in explaining the concepts in a structured manned. I learned a lot from reading this book. I don't have any issues with the content.
My issue is with the book's format... The kindle format of this book is terrible. It's very difficult to read the tables and financial statements.
The tables look like it was scanned from paper. The background and fonts has the same shade of gray which makes it difficult to read in my . I had to read this book via the web http//read. to see the tables. Even then, it's still not that easy to see the numbers. I have to zoom in to read it clearly..
Update #2
After I submitted a complain with , they deployed an updated version of the book and now I can read the tables clearly! Thank you !!!!
Where do you start when you want to begin learning about securities and stock investing? This book.
I've read and studied this book for about 2 or 3-months now and I gotta say that I've learned so much from it. I'm fairly new to securities investing and this book gives a great start for beginners and I'm sure helps sharpen the whits of seasoned professionals.
It touches base on how to analyze different companies based on different industries; different KPIs based on the financial statements; how to analyze companies in general; and more! Not every company is the same and there are many indicators of strong companies and weak companies. These indicators also vary by industry and time has proven that there is not any one indicator that proves a company is better than another - you must fully research each company before making a purchasing decision.
I've recommended this book to some friends of mine and would highly suggest anyone to give this book a shot. Plenty of information in this that will keep me busy for the next year or so.
This book is great, as it brings structure to value investing. However, following any book by suspending judgment will result in financial losses. I made the mistake by investing in oil stocks---thinking OPEC will keep the prices up and oil will stay a special commodity. Rest is bitter history. Lesson learned not to touch a commodity stock ever again, and not to trust a moat coming from a "cartel" price fixing, because cartels don't last forever.
Other insights from book about pharma, biotech and analog electronic stocks were all amazing. Specially electronic comapnies like former Linear Tech ( now part of ADI), Texas Instruments, Avago all keep compounding shareholder value, yet they still don't get the love they deserve. There's still value in boring old analog semiconductors.
Now, you can't breeze through this book like you would "One Up on Wall Street," but that's because this book covers a lot of accounting and financial concepts involved with companies. It's sort of a textbook on how to find good companies using various different financial metrics. Dorsey definitely knows his stuff, but in order to learn what he's teaching you, you've gotta pay rapt attention throughout the entire book and have pen in hand to highlight everything. I'm an engineer by profession, so I'm accustomed to working with math, etc., but getting into the accounting and financial terminology for most of 350 pages can be exhausting. The back half of the book is downright revolutionary in that it explores the different investment sectors (e.g. health care, retail, consumer products) and tells you how to analyze companies within those sectors.
It might seem obvious that one should generally be wary of restaurant stocks because, hey, you eat at the Outback all the time and you see it's crowded all the time, so you should by the stock, right? Maybe. Dorsey explains it to you and you say, "Yeah, that makes sense." Any schlub can whistle on down, rent some space and start cooking meals for people. That's why the restaurant business is highly competitive, 'cause it's easy for competition to sprout up.
You should definitely have a copy of this book if you're a serious investor, but don't think you're just gonna kick back on the beach and read it (unless, of course, you're not really serious about an education in investing).
I am a newcomer to investing, and I have bought a lot of books on the subject. This is one of the best. In many of the books I bought there is a lot of overlap in the content. This book though is on a class of its own. If you did not take an accounting class in college, you'll surely appreciate what this book can teach you, which is how to analyze the profitability and financial health of a company in a systematic way. Dorsey teaches you how to interpret financial statements and, more importantly, what to look for. This is an extremely useful, technically-oriented book, and is easier to read than most textbooks. I highly recommend it.
Pat Dorsey's book, "The Five Rules for Successful Stock Investing" gives a compehensive description of the Morningstar evaluation of a company.
Explanations of "protective moat" and the term "safety margin" of a company are clearly presented as well as many other criteria of value determination used in the Morningstar evaluation process. The author clearly outlines the importance of distinguishing intrinsic value from market value of a company before puchasing . Examples are given demonstrating use of the processes and philosophy used. It is well written and is recommended reading for amateur and profession investors alike. I found it gave a lot of good tips to avoid overpaying for an investment. It also gave me a better understanding of the process and more confidence it its use to determine value. The book describes potential common mistakes made by amateur investors. I strongly recommend this book as a informative and enjoyable read.
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