The Five Rules for Successful Stock I..., Joe Mansueto
The Five Rules for Successful Stock I..., Joe Mansueto
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The Five Rules for Successful Stock Investing
Morningstar's Guide to Building Wealth and Winning in the Market

Author: Joe Mansueto, Pat Dorsey

Narrator: Marty Moran

Unabridged: 11 hr 53 min

Format: Digital Audiobook Download

Publisher: Ascent Audio

Published: 07/20/2020

Includes: Bonus Material Bonus Material Included


Synopsis

In Morningstars Guide to Selecting Stocks, Pat Dorsey, Director of Stock Analysis at Morningstar, will outline the rigorous process through which he, and the company review and select stocks. With the market beginning to rebound, investors are starting to return. But, smart investors will avoid the stock selection methods used during the go-go years - drawing pictures on a price chart, mood readings, and the like - that got them into so much trouble. Indeed, if anything was learned during the market bubble, it was that investors must always pay heed to the tried and true methods of investing. Dorsey will give readers the tools they need to effectively select stocks and, perhaps more importantly, avoid stocks. Morningstar's Guide to Selecting Stocks will teach readers:  How to dig into a financial statement to find hidden goldand deception  How to measure the effectiveness of companys business model How to forecast an industrys prospects; and most importantly How to value a company and determine an appropriate purchase and sale price.  No, this isn't fun and sexy. It is what good investors do to succeed. This is how to invest today.

Reviews

Goodreads review by Đạt

Excellent book, especially for novice investors. Some notes from the book: A. Core rules - Do thorough research on business and make sure understand it well - Find good business with economic moats - Have a margin of safety - Hold for a long time - Know when to sell B. Mistakes to avoid - Do not try to figur......more

Goodreads review by Daniel

Amazing book for beginners! This book was recommended to me by a colleague after I showed some interest in stock investing. Prior to reading this book, I knew practically nothing about businesses or the market at all. I had no clue what an index was, or what equity, assets or liabilities are. On my......more

When I think of Morningstar I picture something similar to Moody’s or Standard & Poor’s, a correct, slow and slightly bureaucratic organization. This book gives a totally different insight. It takes a clear stance for the Warren Buffett “buy wonderful businesses at reasonable prices”-type of value i......more

Goodreads review by Amelia

This book explains fundamental analysis very comprehensively and should be in every investors' toolkit. The book is geared more towards those who are starting out. But more advanced readers will find the chapters on industry analysis highly insightful. For those who are interested, I recommend suppl......more