In The Little Book That Builds Wealth, remarkable author Pat Dorsey unveils why economic moats, or competitive advantages, are strong indicators of substantial long-term investments. This book analyzes four of their most common sources: intangible assets, customer-switching costs, cost advantages, and network economics. Along the way, Dorsey expertly outlines this proven strategy and reveals how it can effectively applied to investment endeavors. Although the concept of economic moats is not a new one, the modern-day investor can benefit from what it has to offer. With this volume as your guide, you'll quickly learn why moats should be a vital part of your analytical investment toolkit.
"A detailed exploration of Warren Buffet's "wide economic moat"concept - how to find companies with a true in-built competitive advantage."
"Pat Dorsey...discusses in an easy to read style why economic moats are such great indicators of long term performance."
— Pensions World