The Little Book That Builds Wealth by Pat Dorsey

The Kickstart Garage

On today's episode, Sam runs through the key takeaways from The Little Book That Builds Wealth by Pat Dorsey.
The little book that builds wealth provides a sensible framework for identifying companies that can sustain high returns on capital. In the book, Pat shows how an investor can look for a durable competitive advantage in choosing equities. He goes through four sources of structural competitive advantage those being; Intangible Assets, Switching Costs, Network Effects and Cost Advantages that are particularly valuable in selecting long term equities.
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