Stocks can be the perfect vehicle for your investment journey–if you know how to pick them. With Morningstar’s unparalleled guidance you can get the story behind the numbers and learn how to invest in stocks with care and confidence.In The Five Rules for Successful Stock Investing, Pat Dorsey, Director of Stock Analysis for Morningstar, Inc., helps today’s investors learn from the mistakes of the past in order to lay a solid foundation for future success. According to Mr. Dorsey, "Investment success depends on personal discipline, not on whether the crowd agrees or disagrees with you." In a highly accessible and down-to-earth style, Dorsey helps even novice investors understand how to evaluate companies and achieve success by buying stocks at a discount of their true worth.Reading The Five Rules for Successful Stock Investing is like joining a community of fellow investors who want to better understand how stocks operate, avoid the common pitfalls of investing, and build strong stock portfolios they can be confident in. Dorsey and his team of stock analysts will open investors’ eyes to a wealth of investment opportunities that exist regardless of market conditions, as they learn:* How to develop a feel for what makes a company profitable* How to find great companies with a competitive advantage* How to make sure a company’s management team is on their side* How to recognize red flags that can cause blow-ups in a portfolio* How to apply proven valuation principles to improve results* And how to apply a 10-Minute Test to any stock in order to determine if it’s worth investigating in more detailA complete investment guide for people who are serious about mastering stock strategies, The Five Rules for Successful Stock Investing outlines the rigorous process through which Morningstar evaluates stocks, providing readers with tried-and-true tools for selecting stocks that will make promising long-term investments–and perhaps more important–avoiding those that won’t.In toda

Morningstar's guide to stock investing : fundamental strategies for long-term success

Dorsey, Pat; Morningstar, Inc

Pat Dorsey, Pat Dorsey

Jossey-Bass, Incorporated Publishers

WILEY COMPUTING Publisher

John Wiley & Sons, Inc. (trade), Hoboken, N.J., 2004

Business book summary, Hoboken, N.J, ©2004

United States, United States of America

Hoboken, N.J, New Jersey, 2004

December 25, 2003

New York, 2004

1, 2003

Includes bibliographical references (p. [353]-356) and index.

subject: Investments; Stocks

contributor: Internet Archive

format: Image/Djvu(.djvu)

rights: The access limited around the compus-network users

unit_name: Internet Archive

topic: Investments; Stocks

Type: 英文图书

Bookmarks:
1. (p1) FOREWORD
2. (p2) Introduction: Picking Great Stocks Is Tough
2.1. (p3) It's the Business that Matters
2.2. (p4) The Long-Term Approach
2.3. (p5) Having the Courage of Your Convictions
2.4. (p6) Let's Get Started
3. (p7) Chapter I: THE Five Rules for Successful Stock Investing
3.1. (p8) Do Your Homework
3.2. (p9) Find Economic Moats
3.3. (p10) Have a Margin of Safety
3.4. (p11) Hold for the Long Haul
3.5. (p12) Know When to Sell
3.6. (p13) Investor's Checklist: The Five Rules for Successful Stock Investing
4. (p14) Chapter 2: Seven Mistakes to Avoid
4.1. (p15) Swinging for the Fences
4.2. (p16) Believing that It's Different This Time
4.3. (p17) Falling in Love with Products
4.4. (p18) Panicking When the Market Is Down
4.5. (p19) Trying to Time the Market
4.6. (p20) Ignoring Valuation
4.7. (p21) Relying on Earnings for the Whole Story
4.8. (p22) Investor's Checklist: Seven Mistakes to Avoid
5. (p23) Chapter 3: Economic Moats
5.1. (p24) Evaluating Profitability
5.2. (p25) Building an Economic Moat
5.3. (p26) How Long Will It Last?
5.4. (p27) Industry Analysis
5.5. (p28) Investor's Checklist: Economic Moats
6. (p29) Chapter 4: The Language of Investing
6.1. (p30) The Basics
6.2. (p31) Where the Money Goes
6.3. (p32) Practical Financials-The Statements in Use
6.4. (p33) Investor's Checklist: The Language of Investing
7. (p34) Chapter 5: Financial Statements Explained
7.1. (p35) The Balance Sheet
7.2. (p36) The Income Statement
7.3. (p37) The Statement of Cash Flows
7.4. (p38) Conclusion
7.5. (p39) Investor's Checklist: Financial Statements Explained
8. (p40) Chapter 6: Analyzing a Company-The Basics
8.1. (p41) Growth
8.2. (p42) Profitability
8.3. (p43) Financial Health
8.4. (p44) The Bear Case
8.5. (p45) Conclusion
8.6. (p46) Investor's Checklist: Analyzing a Company-The Basics
9. (p47) Chapter 7: Analyzing a Company-Management
9.1. (p48) Compensation
9.2. (p49) Character
9.3. (p50) Running the Business no Investor's Checklist: Analyzing a Company-Management
10. (p51) Chapter 8: Avoiding Financial Fakery
10.1. (p52) Six Red Flags
10.2. (p53) Seven Other Pitfalls to Watch Out For
10.3. (p54) Investor's Checklist: Avoiding Financial Fakery
11. (p55) Chapter 9: Valuation-The Basics
12. (p60) Chapter 10: Valuation-Intrinsic Value
13. (p68) Chapter 11: Putting It All Together
14. (p72) Chapter 12: The 10-Minute Test
15. (p83) Chapter 13: A Guided Tour of the Market
16. (p86) Chapter 14: Health Care
17. (p94) Chapter 15: Consumer Services
18. (p100) Chapter 16: Business Services
19. (p107) Chapter 17: Banks
20. (p115) Chapter 18: Asset Management and Insurance
21. (p120) Chapter 19: Software
22. (p129) Chapter 20: Hardware
23. (p135) Chapter 21: Media
24. (p144) Chapter 22: Telecom
25. (p150) Chapter 23: Consumer Goods
26. (p158) Chapter 24: Industrial Materials
27. (p166) Chapter 25: Energy
28. (p178) Chapter 26: Utilities
29. (p186) APPENDIX
30. (p187) RECOMMENDED READINGS
31. (p188) MORNINGSTAR RESOURCES
32. (p189) INDEX

theme: Investments; Stocks

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.

Offers readers the information they need to help them make intelligent choices when looking to invest in stocks. This work also helps readers how to find great companies, pick the right stocks, avoid paying too much for their investments, and more.

A comprehensive and unbiased guide on how to make informed stock investment decisions covers such areas as focusing on an industry, identifying sound companies, and picking stocks that will support one's financial goals.

A guide on how to make informed stock investment decisions covers such areas as focusing on an industry, identifying sound companies, and picking stocks that will support individual financial goals

IT ALWAYS AMAZES me how few investors-and sometimes, fund managers-can articulate their investment philosophy.

2025-07-06