Why Moats Matter

Author: Heather Brilliant
Editor: John Wiley & Sons
ISBN: 1118760271
Size: 16,17 MB
Format: PDF, Mobi
Read: 839
Download

Incorporate economic moat analysis for profitable investing Why Moats Matter is a comprehensive guide to findinggreat companies with economic moats, or competitive advantages.This book explains the investment approach used by Morningstar,Inc., and includes a free trial to Morningstar's Research. Economic moats—or sustainable competitiveadvantages—protect companies from competitors. Legendaryinvestor Warren Buffett devised the economic moat concept.Morningstar has made it the foundation of a successfulstock-investing philosophy. Morningstar views investing in the most fundamental sense: ForMorningstar, investing is about holding shares in great businessesfor long periods of time. How can investors tell a great businessfrom a poor one? A great business can fend off competition and earnhigh returns on capital for many years to come. The key to findingthese great companies is identifying economic moats that stem fromat least one of five sources of competitive advantage—costadvantage, intangible assets, switching costs, efficient scale, andnetwork effect. Each source is explored in depth throughout thisbook. Even better than finding a great business is finding one at agreat price. The stock market affords virtually unlimitedopportunities to track prices and buy or sell securities at anyhour of the day or night. But looking past that noise andunderstanding the value of a business's underlying cash flows isthe key to successful long-term investing. When investors focus ona company's fundamental value relative to its stock price, and notwhere the stock price sits today versus a month ago, a day ago, orfive minutes ago, investors start to think like owners, nottraders. And thinking like an owner will makes readers betterinvestors. The book provides a fundamental framework for successfullong-term investing. The book helps investors answer two keyquestions: How can investors identify a great business, and whenshould investors buy that business to maximize return? Using fundamental moat and valuation analysis has led tosuperior risk-adjusted returns and made Morningstar analysts someof the industry's top stock-pickers. In this book, Morningstarshares the ins and outs of its moat-driven investment philosophy,which readers can use to identify great stock picks for their ownportfolios.

Wealth Secrets Of The 1

Author: Sam Wilkin
Editor: Hachette UK
ISBN: 1473604850
Size: 16,87 MB
Format: PDF, Mobi
Read: 876
Download

'Infuriating... Wilkin's main claim is that the super-rich have discovered 'secret' ways of both making and preserving their fortunes... like [Capital author Thomas] Piketty, Wilkin has a love-hate relationship with capitalism. He takes the view that most billionaires are rich because, one way or another, they have found ways to rig the market.' The Times What does it take to make a fortune? Hard work? Great ideas? Intelligence? Business acumen? Or something else entirely? Spanning centuries and continents, from the Ancient World to the 21st century, Wealth Secrets of the 1% uncovers the economic principles that enable a fortunate few to get really rich. Witty, provocative and immaculately researched, it is essential and revelatory reading at a time when 1% of the world's population owns half of its wealth. 'Clever [and] entertaining, with a distinctly satirical edge' Daily Mail 'Illuminating [and] eye-opening... sure to make libertarian heads explode' Kirkus Reviews 'What makes this book different is that Sam Wilkin is an inside man' Daily Telegraph 'No one gets really rich reading how-to-get-rich handbooks...Wilkin offers up the real scoop in Wealth Secrets of the One Percent, a delicious - and insight-packed - send-up of the genre.' Toomuch.com

The Little Book That Builds Wealth Large Print 16pt

Author: Pat Dorsey
Editor: ReadHowYouWant.com
ISBN: 1459607155
Size: 16,92 MB
Format: PDF, ePub, Mobi
Read: 439
Download

In The Little Book That Builds Wealth, author Pat Dorsey - the Director of Equity Research for leading independent investment research provider Morningstar, Inc. - reveals why competitive advantages, or economic moats, are such strong indicators of great long-term investments and examines four of their most common sources: intangible assets, cost advantages, customer-switching costs, and network economics. Along the way, he skillfully outlines this proven approach and reveals how you can effectively apply it to your own investment endeavors.

Morningstar Stocks 500

Author: Pat Dorsey
Editor: Wiley
ISBN:
Size: 15,65 MB
Format: PDF, ePub, Docs
Read: 752
Download

These three titles each provide readers with comprehensive single-page reports on stocks, mutual funds, and exchange-traded funds. Each book includes data tables, graphs, reports, and a wealth of other data that makes picking the right investment easy. With these books in hand, readers will be able to compare investments, spot the winners, and get all the vital data they need to make smart decisions in one single handy resource. Morningstar, Inc., is a leading global investment research firm that provides an extensive line of Internet, software, and print-based products and services for individuals, financial advisors, institutions, and the media. Founded in 1984, Morningstar is the trusted, independent source for insightful information on stocks, mutual funds, variable annuities, closed-end funds, exchanged-traded funds, separate accounts, and 529 college savings plans. With operations in 16 countries, the company currently tracks more than 100,000 investment offerings worldwide.

Reports Of Cases Heard And Determined In The Appellate Division Of The Supreme Court Of The State Of New York

Author:
Editor:
ISBN:
Size: 10,88 MB
Format: PDF
Read: 384
Download


Reports Of Cases Heard And Determined In The Appellate Division Of The Supreme Court Of The State Of New York

Author: New York (State). Supreme Court. Appellate Division
Editor:
ISBN:
Size: 19,33 MB
Format: PDF, ePub, Mobi
Read: 940
Download


Lincolnshire History And Archaeology

Author:
Editor:
ISBN:
Size: 19,93 MB
Format: PDF, Mobi
Read: 168
Download


U S Tax Cases

Author: Commerce Clearing House
Editor:
ISBN:
Size: 20,66 MB
Format: PDF, Mobi
Read: 263
Download

Decisions originally reported currently in Standard federal tax service, Federal estate and gift tax service, and Federal excise tax reports.

Why Race And Culture Matter In Schools

Author: Tyrone C. Howard
Editor: Teachers College Press
ISBN: 0807772194
Size: 11,28 MB
Format: PDF, Mobi
Read: 962
Download

While race and culture remain important variables in how young people experience schools, they are often misunderstood by educators and school personnel. Building on three studies that investigated schools successful in closing the achievement gap, Tyrone Howard shows how adopting greater awareness and comprehensive understanding of race and culture can improve educational outcomes. Important reading for anyone who is genuinely committed to promoting educational equity and excellence for all children, this accessible book: Outlines the changing racial, ethnic, and cultural demographics in U.S. schools. Calls for educators to pay serious attention to how race and culture play out in school settings.Presents empirical data from schools that have improved achievement outcomes for racially and culturally diverse students.Focuses on ways in which educators can partner with parents and communities. “This book will be challenging for some readers and affirming for others. It is at times disheartening and at other times inspiring; sometimes anguishing but always enlightening.” —From the Foreword by Geneva Gay, University of Washington–Seattle, author of Culturally Responsive Teaching, Second Edition “Tyrone Howard provides a multi-dimensional and textured look at why students of color continue to struggle in the nation's schools. However, he does not stop there. This book points toward the solutions we have been seeking--partnerships, principles, and persistence.” —Gloria Ladson-Billings, University of Wisconsin–Madison

The Oracle Speaks Warren Buffett In His Own Words

Author: David Andrews
Editor: Agate Publishing
ISBN: 1572847115
Size: 13,43 MB
Format: PDF, ePub, Mobi
Read: 535
Download

From his office in Omaha, Nebraska, without even the benefit of a computer, Warren Buffett has racked up an investment record that far surpasses his counterparts on Wall Street—or anyone else in the world, for that matter. While traditionally stock exchanges have returned about 11 percent annually in the past half century, Buffett's investments have by nearly 29 percent a year, solidifying Buffett's conglomerate holding company, Berkshire Hathaway, as the eighth-largest business in the world and netting him $44 billion along the way. Despite this tremendous success, “the Oracle of Omaha” remains modest. He acknowledges that he has a unique ability to evaluate businesses, but he doesn’t feel entitled to the vast wealth that ability has earned him. Instead, he likes to say that he was born at the right place and time. This humility in the face of proven talent and innumerable wealth is part of what makes Buffett universally popular—he is one of the world's wealthiest men and yet he is still personable and relatable. For the first time, the most thought-provoking and inspiring quotes from Buffett are now compiled in a single book. The Oracle Speaks: Warren Buffett in His Own Words is a comprehensive guidebook to the inner workings of the Berkshire Hathaway chairman. Hundreds of Buffett's best quotes, comprising thoughts on investing, Wall Street, business, politics, taxes, and life lessons, will provide the most intimate and direct look into the mind of a modern business icon and give readers enough counsel to last a lifetime. Media outlets, financial advisers, politicians, and Americans from Main Street to Wall Street hang on every word Buffett speaks, hoping to gain valuable insight into Buffett's investments and successes. There is possibly no greater stamp of approval in the business world than to have Buffett invest in a company, and few leaders in the course of history have commanded such universally agreed-upon respect. Even beyond his business savvy, Buffett is influential as a progressive thinker and active philanthropist, having pledged to give most of his money to charity through the Bill and Melinda Gates Foundation as well as foundations run by his three children. It is this humility that consistently draws people to Buffett, and will draw people to The Oracle Speaks. Most recently, inspired by Buffett's New York Times editorial in which he claimed he paid too little in taxes, President Barack Obama and Congress have named a series of tax reforms after Buffett. While the political implications have been controversial, Buffett has retained his reputation as an outspoken and successful business leader. The Oracle Speaks draws from decades of interviews, editorials, and annual shareholder reports, amassing the most complete outline of how Buffett believes a good business is run and a good life is led. It's advice that Buffett has successfully adhered to throughout his 80-plus years, and it is advice now available in the succinct, poignant, gift-friendly package of The Oracle Speaks.