Six Books for Summer
Increasing returns, economic moats, investing formulas, and more.
If you're looking for good books related to investing, you're in luck. There have been a number of good ones published over the past year or so. Now, I'm interpreting "related to investing" pretty broadly, encompassing books on economics and psychology as well as books you'd find in the business/investing section of the bookstore. But in one way or another, all touch on themes familiar to readers of Morningstar research. Below, I picked six books published in 2005 or 2006 that I found worth the time invested in them.
Knowledge and the Wealth of Nations, by David Warsh
The first two books on my list focus on a topic dear to our hearts here at Morningstar--returns on capital and competitive advantage.