Reading Room: The Five Rules for Successful Stock Investing

FiveRules for Successful Stock Investing

Morningstar's new book (John Wiley & Sons; 2003), by PatDorsey, Morningstar's director of stockanalysis, offers investors detailed insightinto the fund analyst company's highlysuccessful approach to the market.

Dorsey outlines five core principles toa sound and successful investing strategy,including doing your homework,finding companies with strong competitiveadvantages, maintaining a marginof safety, holding for the long term, andknowing when to sell. The book not onlyteaches the reader how to apply thoserules to successful investing, but it alsotakes a thorough look at every majorsector of the market.