Book Review : The Little Book that Builds Wealth
Summary: The Little Book That Builds Wealth Shuchi.P.Nahar Warren Buffett mentions moats all the time in his talks and writings and emphasizes the importance of finding a company with moats. It remains one of the more concise and enlightening books for investors looking for great businesses that stand the test of time - historically, the kind of investments that return their worth many times over. The Little Book That Builds Wealth is the fifth book in the Little Books series from Wiley Publishing, each of which focuses in on describing a particular investing strategy in layman’s terms. This time around, the focus is on competitive advantage, or “moats” – the basic idea that Warren Buffett uses when investing. Chapter One – Economic Moats The book opens by defining the concept of a moat. In a nutshell, a moat is a significant competitive advantage that one company has over another. The great example used in this chapter is McDonal...