Morningstar StockInvestor editor Paul Larson likes great companies with unassailable competitive positions - known as "wide-moat companies" in Morningstar lingo. And Paul buys these companies only when he thinks they are cheap enough to provide a margin of safety: Paul’s favorite companies are those priced irrationally low relative to their long-term intrinsic values.

Given Paul’s focus on wide-moat companies with a margin of safety, Morningstar StockInvestor’s portfolios are poised to thrive in any economic climate. And thrive they have. For six years, Morningstar StockInvestor's portfolios have nearly doubled the return of the S&P 500 during the same period.

You can benefit from Paul’s core-stock approach with a subscription to Morningstar StockInvestor.

Your Subscription Includes:

• Monthly issues featuring Paul’s discussion of his latest changes to the portfolios and watchlists, a rundown of new stocks on his radar screen, notes from visits to Paul’s favorite companies, and comprehensive data on wide-moat companies.
• Four free reports written by Paul that help you make the most of your subscription: “Buying Core Stocks the Morningstar StockInvestor Way,” “How to Judge a Company's Management Team,” “20 Best Companies in the World,” and “Best International Stocks Today.”
• E-mail alerts from Paul whenever he makes a change to the portfolios. Paul will also e-mail you with his opinions about events and/or changes related to the companies on his watchlist and in his portfolios, as well as his thoughts on the market.
• Access to Morningstar StockInvestor’s companion Web site, where you can download the current issue before it arrives in your mailbox. You can also read the latest news about the stocks Paul follows, track daily performance of the portfolios and stocks in the watchlists, and manage your portfolio alerts.