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"A detailed exploration of Warren Buffet's "wide economic moat"concept - how to find companies with a true in-built competitiveadvantage." (Financial Times, Tues 26th February)

"Pat Dorsey...discusses in an easy to read style why economicmoats are such great indicators of long term performance."(Pensions World, October 2008)

Foreword xi

Acknowledgments xvii

Introduction The Game Plan 1

Chapter One Economic Moats 7

Chapter Two Mistaken Moats 15

Chapter Three Intangible Assets 29

Chapter Four Switching Costs 43

Chapter Five The Network Effect 57

Chapter Six Cost Advantages 75

Chapter Seven The Size Advantage 91

Chapter Eight Eroding Moats 103

Chapter Nine Finding Moats 115

Chapter Ten The Big Boss 133

Chapter Eleven Where the Rubber Meets the Road 143

Chapter Twelve What's a Moat Worth? 159

Chapter Thirteen Tools for Valuation 171

Chapter Fourteen When to Sell 187

Conclusion More than Numbers 197

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.