The Knockout Formula for Finding Great Investments
Let Morningstar’s Director of Equity Research, Pat Dorsey, show you how to use economic moats to your investing advantage.

A company’s economic moat is the measure of its ability to withstand competitive threats and tough economic times. Choosing companies with wide moats is central to the Morningstar investing philosophy and Pat Dorsey’s latest book. If you can identify companies with moats and purchase their shares at reasonable prices, you’ll greatly improve your odds of doing well in the stock market. Find out why great products, management, and market share may not add up to a wide moat. Learn how to identify a wide economic moat when you see one. Discover new tools for valuing wide-moat stocks.

Pat Dorsey is director of equity research for Morningstar and author of The Five Rules for Successful Stock Investing: Morningstar’s Guide to Building Wealth and Winning in the Market. He played an integral part in the development of the Morningstar Rating for stocks, as well as Morningstar’s economic moat ratings.

Dorsey holds a master’s degree in political science from Northwestern University and a bachelor’s degree in government from Wesleyan University. He also holds the Chartered Financial Analyast (CFA) designation.