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Many people are familiar with the name Warren Buffett. Buffett is a world-renowned investment wizard and a representative figure of the philosophy of value investing. Known as the “Oracle of Omaha”, Buffett has been able to consistently maintain a high return of 20% for many years. How does he achieve this? This book systematically illustrates Buffett’s economic moat theory. The sole purpose is to teach investors to pick stocks accordingly and to construct high-return portfolios.
Pat Dorsey is the former director of stock research at Morningstar, a global financial services firm. Dorsey had been the leader in the development of the rating system in Morningstar using the economic moat theory, a theory also advocated by Joe Mansueto, chairman and chief executive officer (CEO) of Morningstar. In this book, Dorsey has interpreted Buffett’s economic moat theory for the readers, with his many years’ experience in the stock market and theoretical research. The aim is to help readers obtain high and stable returns in their own investments.
