Matt Cochrane returns to the podcast!
We have been doing a bunch of episodes where we re-read investing classics and talk about them. So far, we’ve revisited “Beating the Street” by Peter Lynch and “Common Stocks and Uncommon Profits” by Phil Fisher.
Today, we’re going to talk about “The Little Book That Builds Wealth” by Pat Dorsey.
Pat Dorsey was the pioneer behind Morningstar’s economic moat concept. Morningstar currently ranks companies based on whether or not they deem them to have a wide moat, a narrow moat, or no moat. Dorsey put together that entire framework. Today, he runs money based on trying to buy moats at reasonable prices.
Links
* The Little Book That Builds Wealth: https://www.amazon.com/Little-Book-That-Builds-Wealth-ebook/dp/B07MMYC9VT
* Long Term Mindset: https://longtermmindset.co/start/
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