Summary of The Five Rules for Successful Stock Investing
Morningstar's Guide to Building Wealth and Winning in the Market
Do your investing homework to find strong companies with solid track records. Beware: learn to read the numbers and more.
The best investing principles, as clearly reiterated here, are stable and evergreen. As an investor, you’ll welcome author Pat Dorsey’s unambiguous, straightforward presentation of the always valid wisdom of the markets. This conveniently organized book offers several chapters of general relevance to investors in all markets and industries, including an industry-by-industry examination of the determinants of value. The title is cute, but the content isn’t about the title’s rules - it is about learning and obeying the basics of stock investing. getAbstract.com recommends the author’s long term perspective. Many of the directions he sets for potential investments could still be valid years hence.
In this summary, you will learn
- Solid wisdom about investing;
- How to pick stocks;
- How to value companies; and
- How to recognize economic and competitive advantages in various industries.
About the Authors
Pat Dorsey, CFA, is director of stock analysis and head of the equity analysis team at Morningstar, Inc., a Chicago research firm. He appears weekly on the Bulls and Bears financial show on FOX News Channel.
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