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.

The South Platte River begins high atop the frozen Continental Divide, home to a chain of rugged 13,000-foot, snow-capped peaks. This region comprises lush valleys, meandering meadow streams, and rose-colored, boulder-filled canyons. For generations this area has been a recreation mecca and a fly fisher's paradise in its purest form. Out of all the trout fisheries in America that are within an hour's drive of a major metropolitan area, the South Platte River is clearly one of the best. It has become a river shrine to thousands of anglers on an annual basis and for good reason. Throughout the river's entirety, the South Platte creates a series of reservoirs (Antero, Spinney, Eleven Mile, Cheesman, Strontia Springs, and Chatfield) that provide major metropolitan water storage systems for Denver Water and the City of Aurora. The by-products of these storage facilities are world-class tailwaters that provide anglers with year-round fishing opportunities. Against all odds, the South Platte River remains a world-class trout fishery abundant with some of the most finicky and challenging trout in the world. There's a common belief among South Platte regulars-if you can catch trout on the South Platte; you can catch trout anywhere in the world. * Completely new maps and updated river, access, and fishing information * Regional experts like Landon Mayer, Greg Blessing, Jeremy Hyatt, Chris Wells, Richard Pilatzke and John Perizzolo, Rick Mikesell and many more, share insider information * New line up of cutting-edge fly patterns * Additional chapters on stillwaters and the Denver Metro Area

Whether you fish tailwaters in the Rockies, spring creeks in California, Wisconsin, or Pennsylvania, this definitive guide to tailwater flies will give you an edge over tough trout. Available for the first time in paperback.- New flies and old standbys from one of Umpqua Feather Merchant's top-selling fly designers, with 500 step-by-step photos of 24 proven patterns for the most demanding trout- Patterns for streams across the country, not just tailwaters; includes nymphs, emergers, and dry flies that imitate mayflies, midges, stoneflies, and caddis- Detailed information on how to fish the patterns, with over 30 rigging illustrations from artist Dave Hall

In The Little Book That Builds Wealth, author Pat Dorsey - the Director of Equity Research for leading independent investment research provider Morningstar, Inc. - reveals why competitive advantages, or economic moats, are such strong indicators of great long-term investments and examines four of their most common sources: intangible assets, cost advantages, customer-switching costs, and network economics. Along the way, he skillfully outlines this proven approach and reveals how you can effectively apply it to your own investment endeavors.