Summary of The Five Rules for Successful Stock Investing

Looking for the book?
We have the summary! Get the key insights in just 10 minutes.

The Five Rules for Successful Stock Investing book summary
Start getting smarter:
or see our plans

Rating

7 Overall

9 Applicability

5 Innovation

7 Style

Recommendation

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.

 

Summary

Rule 1: Do Your HomeworkHomework is the anchor of a sound investing strategy. Conduct thorough research to achieve an in-depth understanding of a company or industry before you invest in it. If you don’t have time to be that diligent, don’t buy stocks. It’s that simple. You can’t make consistent profits...

Get the key points from this book in 10 minutes.

For you

Find the right subscription plan for you.

For your company

We help you build a culture of continuous learning.

 or log in

Comment on this summary

More on this topic

By the same authors

Customers who read this summary also read

More by category