Product Description

The Five Rules for Successful Stock Investing

"By resisting both the popular tendency to use gimmicks that oversimplify securities analysis and the academic tendency to use jargon that obfuscates common sense, Pat Dorsey has written a substantial and useful book. His methodology is sound, his examples clear, and his approach timeless."
--Christopher C. Davis Portfolio Manager and Chairman, Davis Advisors

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.

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Product Details

Publisher	Wiley
ISBN	0471686174
Features	ISBN13: 9780471686170 Condition: New Notes: BUY WITH CONFIDENCE, Over one million books sold! 98% Positive feedback. Compare our books, prices and service to the competition. 100% Satisfaction Guaranteed
Creator	Joe Mansueto
Author	Pat Dorsey
Format	Paperback
Label	Wiley
Dewey Decimal Number	332.6322
Studio	Wiley
EAN	9780471686170
Number Of Pages	384
Title	The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
Publication Date	2004-12-29
Manufacturer	Wiley

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Customer Reviews

Great for serious beginner to intermediate investors

Review by Tom Antony, 2010-01-04

Pat Dorsey brings you up to speed with sensible, concrete guidance to picking stocks. The investment style he presents is, of course, the sensible and research-driven version of value investing that Morningstar uses. While the book is easy to read, it is also packed with information. Even after the first read, you will find yourself going back to it as a handy reference. Strongly recommended for all but the most experienced investors.

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The Five Rules For Successful Stock Investing

Review by Stephen E. Dubin, 2009-12-30

Well written in clear layman's terms. For a more complete help in putting together a strategy for investing would recommend a book on value investing and techinical analysis.

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can not lurk anymore

Review by Yanfeng Zheng, 2009-10-19

i am a passive reader of other people's comments. After reading tens of books on investing and hundreds of comments on those books, i can't lurk anymore and say some good things about this book. Overall, i am a believer of fundamental analysis (FA) and the author should be in the same camp too. There are quite a few books on value investing. yet, this book offers the most transparent explanation on value investing, especially the chapter on valuation of stocks. In my belief, the DCF, though quite old-fashioned, is still the starting point for any valuation analysis. the author was able to demonstrate the concept in a concise and convincing way. He offered not only the rationale, methodology but also two examples to demonstrate how to calculate the intrinsic value. In my opinion, his method is superior to other perhaps handy or quick methods promoted by other value investing books. After all, cash is the king!

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Pat Dorsey is a great teacher

Review by Mariusz Skonieczny, 2009-08-12

This is a great book for all investors, not just value investors. Some people say that you are either a value investor or a growth investor. In reality, growth is a variable in determining value. This book teaches investors how to pick good stocks with economic moats, how to value them, when to buy, and when to sell them. Pat Dorsey is a great teacher of investing. His other book that I highly recommend is The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments (Little Books. Big Profits)

- Mariusz Skonieczny, author of Why Are We So Clueless about the Stock Market? Learn how to invest your money, how to pick stocks, and how to make money in the stock market

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best book on investing I've read yet

Review by Investinator, 2009-07-14

This book covers everything you really need to know about investing. It's focused more on value investing but it will suffice for all long-term investors.

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