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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.

Publisher ‏ : ‎ Wiley; 1st edition (December 29, 2004)
Language ‏ : ‎ English
Paperback ‏ : ‎ 384 pages
ISBN-10 ‏ : ‎ 0471686174
ISBN-13 ‏ : ‎ 978-0471686170
Item Weight ‏ : ‎ 2.31 pounds
Dimensions ‏ : ‎ 5.9 x 1.1 x 8.7 inches
Reviewer: Rodrigo Ribeiro
Rating: 5.0 out of 5 stars
Title: Excellent choice if you're really interested in the Stock Market
Review: This is a MUST HAVE really. This book lays out the bases for anyone who is really interested in engaging with the stock market. I must say that it's the starting point for every serious investor.

Reviewer: Mangotron
Rating: 5.0 out of 5 stars
Title: Put me on the right path
Review: Before reading this book, I had spent most of my time reading about day trading, swing trading, technical analysis, etc. I dreaded having to do actual research on a company. Why spend hours poring over financial statements and researching management when you can look at a chart and get all the information you need? Who cares how the company makes its money? It just got out of a triple bottom formation! Alas, the continuous chart monitoring finally got the best of me, not to mention I lost most of the money I started with. During this dark time, I found Pat Dorsey's book and everything magically fell into place. I discovered that it wasn't such a chore to learn about the company you were investing in. It was actually quite practical."The Five Rules for Successful Stock Investing" provides a great foundation of knowledge for analyzing companies. It's also perfect for beginners as each topic is broken down and easy to understand. Pat Dorsey does an especially great job of explaining financial statements. This gem of a book not only turned me on to fundamental analysis, but it put me on the path to value investing. And now I am actually making money!

Reviewer: Stewart Paulson
Rating: 4.0 out of 5 stars
Title: Better Understanding of Intrinsic Value vs Market Value
Review: Pat Dorsey's book, "The Five Rules for Successful Stock Investing" gives a compehensive description of the Morningstar evaluation of a company.Explanations of "protective moat" and the term "safety margin" of a company are clearly presented as well as many other criteria of value determination used in the Morningstar evaluation process. The author clearly outlines the importance of distinguishing intrinsic value from market value of a company before puchasing . Examples are given demonstrating use of the processes and philosophy used. It is well written and is recommended reading for amateur and profession investors alike. I found it gave a lot of good tips to avoid overpaying for an investment. It also gave me a better understanding of the process and more confidence it its use to determine value. The book describes potential common mistakes made by amateur investors. I strongly recommend this book as a informative and enjoyable read.

Reviewer: DJ Exquiz
Rating: 5.0 out of 5 stars
Title: Should be the Fundamental Five Rules for any beginning Investor!
Review: A few years ago I purchased Pat Dorsey's The Little Book that Builds Wealth, at the time I was just learning the basics of the Stock Market, and the difference between Value Investing, and Market Driven "Investing", or what most people say is Fundamental Analysis - (looking at companies based on their sales, revenue,debt, product advantage, etc!) and technical analysis which mostly evaluates a stock based on what the Market is doing and how it feels about that particular stock or industry. They both have their advantages and disadvantages but I'm convinced (and most experts agree) that investing based on a company's underlying worth (its fundamentals) is the only way to make money and build wealth long term in the stock market, yes yes technical analysis can help you get "lucky" and make some short term big gains, and also understand the momentum of a stock or an industry, but technical analysis alone is like dating just based on looks, its fun for awhile but if there's nothing else there the relationship is headed for trouble.Anyway I read Dorsey's Little Book and Michael SIncere's great Understanding Stocks books about 5 years plus years ago (plus the Graham classic Intelligent Investor), and then financial crisis hit and the recession started and although I didn't lose much money (on stocks at least)I still shied away from the market for the next couple years, but the investments I did hold onto did see some modest but impressive gains over the last few years and has just proved to me the accuracy of Dorsey's book along with other Value based investors. Just look at the increase of Warren Buffet's company the last few years, not to mention the mega merger of Heinz and Kraft. Anyway long story short is that I do firmly believe that the only reason anybody should be risking their money in the Wall St. casino is if they know that they are "investing" not gambling on fundamentally good companies that they reasonably believe will be worth either more in value, or in a worse case equal value to what they are currently valued at today. Dorsey's book "The Five Rules" will show you how determine that value in spades, its not the only book out there of its kind and I have read others, but Dorsey's style is easy to follow but at the same time deep enough to show you that he (and the analysts at Morningstar) really do know their stuff. Nobody (that we know of) has reliably predicted the market's future, but Dorsey's book will give you a give you a good foundation to know whatever happens in the market there a some stocks that are "fundamentally" just better than others.Also Recommend:"Understanding Stocks" 2nd Edition - Michael Sincere"Understanding Options" 2nd Ed. - Michael Sincere"The Little Book of Commonsense Investing" John Bogle"Little Book of Bull Moves in Bear Markets" Peter Schiff

Reviewer: Mario Paquette
Rating: 5.0 out of 5 stars
Title:
Review: Très bonnes explications

Reviewer: Christiano Oliveira
Rating: 5.0 out of 5 stars
Title:
Review: Para quien busca saber de Stoke marker con mucho mas detalles

Reviewer: Regivalder
Rating: 1.0 out of 5 stars
Title:
Review: Livro veio com 20 páginas grudadas não capa. Péssima situação. Não recomendo

Reviewer: Z.
Rating: 5.0 out of 5 stars
Title:
Review: One of the best books on stock investing I have ever read and I have read a lot.

Reviewer: Captain Souradeep Saha
Rating: 5.0 out of 5 stars
Title:
Review: The best part of this book is that, author will give you insight of different sectors, though not a deep analysis, but good enough for retail investors. Also it talks about fundamental analysis of company and finding intrinsic value of companies. Though a bit boring but a must read.