<Embed>
List Price: $24.95
Save: $11.55 (46%)
+ $3.99 shipping
Arrives: Dec 3 - 9
Fastest delivery: Dec 2 - 4
Only 5 left in stock - order soon.
As an alternative, the Kindle eBook is available now and can be read on any device with the free Kindle app. Want to listen? Try Audible.
Your transaction is secure
We work hard to protect your security and privacy. Our payment security system encrypts your information during transmission. We don’t share your credit card details with third-party sellers, and we don’t sell your information to others. Learn more
Ships from sweethomeliquid2
Sold by sweethomeliquid2
Ships from
sweethomeliquid2


Return policy: Extended holiday return window till Jan 31, 2021
For the 2020 holiday season, returnable items shipped between October 1 and December 31 can be returned until January 31, 2021. You may be charged a restocking fee up to 50% of item's price for used or damaged returns and up to 100% for materially different item.
FREE Shipping
Get free shipping
Free 5-8 day shipping within the U.S. when you order $25.00 of eligible items sold or fulfilled by Amazon.
Or get 4-5 business-day shipping on this item for $5.99 . (Prices may vary for AK and HI.)
Learn more about free shipping
on orders over $25.00 shipped by Amazon or get Fast, Free Shipping with Amazon Prime
Condition: Used: Good
Comment: Minimal signs of wear. Corners and cover may show wear. May contain highlighting and/or writing. May be missing dust jacket. May not include supplimental materials. Ships direct from Amazon!

Other Sellers on Amazon
Add to Cart
$13.40
+ $3.99 shipping
Sold by: MJSimpson
Add to Cart
$13.40
+ $3.99 shipping
Sold by: DTCompanyBooks&More
Add to Cart
$19.19
& FREE Shipping on eligible orders. Details
Sold by: Amazon.com
Have one to sell?
Loading your book clubs
There was a problem loading your book clubs. Please try again.
Not in a club? Learn more
Amazon book clubs early access

Join or create book clubs

Choose books together

Track your books
Bring your club to Amazon Book Clubs, start a new book club and invite your friends to join, or find a club that’s right for you for free.
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more

Follow the Author

Something went wrong. Please try your request again later.


The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market 1st Edition

4.6 out of 5 stars 294 ratings

See all formats and editions Hide other formats and editions
Price
New from Used from
Kindle
Paperback, Illustrated
$13.40
$13.40 $2.10

click to open popover

Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.

  • Apple
    Apple
  • Android
    Android
  • Windows Phone
    Windows Phone
  • Click here to download from Amazon appstore
    Android

To get the free app, enter your mobile phone number.

kcpAppSendButton

Frequently bought together

  • The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
  • +
  • The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments
  • +
  • The Intelligent Investor: The Definitive Book on Value Investing. A Book of Practical Counsel (Revised Edition)
Total price: $53.60
Buy the selected items together

Special offers and product promotions

Editorial Reviews

Review

Not long ago, MagicDiligence reviewed Mary Buffett and David Clark's Warren Buffett and the Interpretation of Financial Statem...... and concluded that, while possibly useful for beginners, experienced stock investors would dismiss the book as simplistic and adding nothing new. The review also mentioned that a good alternative for more experienced investors looking to add to their knowledge is Pat Dorsey's The Five Rules for Successful Stock Investing.

Today we'll take a look at that book. The author, Pat Dorsey, is currently the Director of Equity Research for Morningstar. Morningstar has historically been known for their 5-star scale of mutual fund ratings, but several years ago began applying the same scale to individual stocks. Since Morningstar's focus is on durable competitive advantage, the firm's investing philosophy correlates very well with that of the Magic Formula and of MagicDiligence. That makes the book particularly relevant and much of my stock analysis is based on techniques outlined in it. The Five Rules... is more or less a two part book. The first half deals covers the title, laying out the five rules for successful investing and then proceeding to expand on each of them. Without spoiling too much of the book, Dorsey's five rules are:

1) Do your homework.

2) Find economic moats.

3) Have a margin of safety.

4) Hold for the long haul.

5) Know when to sell.

This first section then continues on to introduce the investor to the techniques of stock analysis. Topics covered include detailed explanations of each financial statement, the points of emphasis to look for in a good investment (such as growth potential and financial health), how to spot accounting blowups before they happen, how to value a stock, and so forth. For everyone interested in stock analysis, from 10 year pros to those just beginning to dip their toes in the market, these chapters contain invaluable and vital information. Nearly every investor will learn something new about evaluating companies and valuing stocks. One particularly valuable chapter is titled "The 10-Minute Test", which will help you quickly throw out stocks that are not worth your time, while highlighting investment opportunities that warrant additional research.

The second half of the book is equally useful. In this section, Dorsey calls upon Morningstar's sector analysts to lay out the intrinsic moat qualities and the factors that separate good and bad companies in a variety of sectors, including Health Care, Consumer Services, Media, Banks, and so on. It's no secret to MagicDiligence Members that some industries are inherently better investment hunting grounds than others, and this book explains why. For example, retail is generally a difficult place to invest - there are no customer switching costs, tons of competition, and constantly changing consumer trends. On the other hand, most medical device makers have very high switching costs, as surgeons are trained on one company's products and are loathe to learn the intricacies of a competing product, unless there is a very good reason to do so.

To close this review, a personal observation. Most investors routinely cite classic investing books like Ben Graham's The Intelligent Investor as the place to start for novice investors. I respectfully disagree. I've read many of those great classics, but no one book has explained the details of company and equity analysis as directly or relevantly as this book. This is one of the most overlooked investing books out there, and comes highly recommended to all investors. -The Motley Fool

From the Inside Flap

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.


Product details

  • Item Weight : 1.02 pounds
  • Paperback : 384 pages
  • ISBN-13 : 978-0471686170
  • ISBN-10 : 0471686174
  • Dimensions : 6 x 1.1 x 8.9 inches
  • Publisher : Wiley; 1st edition (December 29, 2004)
  • Language: : English
  • Customer Reviews:
    4.6 out of 5 stars 294 ratings

Customer reviews

4.6 out of 5 stars
4.6 out of 5
294 global ratings
How are ratings calculated?

Top reviews from the United States

Reviewed in the United States on March 30, 2018
Verified Purchase
6 people found this helpful
Comment Report abuse
Reviewed in the United States on August 23, 2017
Verified Purchase
2 people found this helpful
Comment Report abuse
Reviewed in the United States on December 20, 2019
Verified Purchase
One person found this helpful
Comment Report abuse
Reviewed in the United States on July 13, 2017
Verified Purchase
2 people found this helpful
Comment Report abuse
Reviewed in the United States on May 2, 2020
Verified Purchase
One person found this helpful
Comment Report abuse
Reviewed in the United States on October 8, 2008
Verified Purchase
6 people found this helpful
Comment Report abuse
Reviewed in the United States on February 15, 2016
Verified Purchase
7 people found this helpful
Comment Report abuse

Top reviews from other countries

James Winter
5.0 out of 5 stars great primer for those interested in learning about investing
Reviewed in the United Kingdom on October 13, 2006
Verified Purchase
8 people found this helpful
Report abuse
Amazon Customer
5.0 out of 5 stars accounting basis
Reviewed in the United Kingdom on February 3, 2019
Verified Purchase
K.S
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on May 12, 2018
Verified Purchase
Vel murugan
5.0 out of 5 stars Excellent book. It is not for light reading
Reviewed in the United Kingdom on February 2, 2016
Verified Purchase
One person found this helpful
Report abuse
Anton
5.0 out of 5 stars Five Stars
Reviewed in the United Kingdom on November 29, 2017
Verified Purchase
Pages with related products. See and discover other items: introduction to accounting, investing in stocks, enterprise security, building a business, building wealth