The Five Rules for Successful Stock Investing by Morningstar’s former director of equity research Pat Dorsey is the definitive guide to thinking like an analyst. Built around Morningstar’s economic-moat philosophy, it teaches you how to find wonderful businesses, buy them with a margin of safety, and hold them for long-term wealth.
The Five Rules
- Do your homework — analyse annual reports like a pro
- Find economic moats — durable competitive advantages
- Recognise moat durability — how long will the advantage last?
- Value businesses properly — intrinsic value and margin of safety
- Know when to sell
Plus sector-by-sector chapters covering banking, healthcare, tech, consumer and more — rare practical depth.
Book Details
| Title | The Five Rules for Successful Stock Investing |
| Author | Pat Dorsey; Foreword by Joe Mansueto |
| Publisher | Wiley |
| Binding | Paperback |
| Language | English |
| ISBN-13 | 9780471686170 |
| Genre | Investing |
Frequently Asked Questions
What is the price of Five Rules for Successful Stock Investing in India?
₹499 for a new paperback at TheBooksTank.
Who is Pat Dorsey?
Former director of equity research at Morningstar and a leading voice on economic moats.
Is it useful for Indian stock investors?
Very — the moat framework applies to every listed company on NSE and BSE.
Beginner friendly?
One of the clearest introductions to fundamental analysis available.
Will I receive a brand-new copy?
Yes — every order from TheBooksTank ships brand-new, carefully packed to arrive in perfect condition.
What if my book arrives damaged?
Contact our support within 48 hours with a photo and we will arrange a free replacement — no hassle.
Does it include sector analysis?
Yes — dedicated chapters cover banking, tech, healthcare, consumer and energy sectors.
How does it compare to The Intelligent Investor?
Dorsey is more modern and practical on moats; Graham is deeper on margin-of-safety philosophy. Many investors read both.
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What Readers Say
Morningstar’s official framework, by their former director of equity research · ★ 4.37/5 on Goodreads (1,945 ratings) · 4.6/5 on Amazon
★★★★★ “Pat Dorsey introduced me to a whole other world. I learnt what the purpose of stocks really is — that investing isn’t just a game of lucky timing, but a science with objectively good and bad decisions”
— Daniel Olshansky · Goodreads ★★★★★
★★★★★ “This book explains fundamental analysis very comprehensively and should be in every investor’s toolkit. It’s geared toward beginners, but advanced readers will find the chapters on industry analysis highly insightful”
— Amelia · Goodreads ★★★★★
★★★★★ “If you want to learn how to read balance sheets, income statements and grasp the true meaning of cash flow, don’t buy another book — this is the one. Great insight into value investing”
— Ed Ball · Goodreads ★★★★★
★★★★★ “By far the best book I’ve read on investing. It teaches investing from an accountant’s perspective — explaining financial terms, then how to calculate and interpret ratios and DCF valuation. I loved that different industries should not be valued alike”
— Othman · Goodreads ★★★★★
★★★★★ “It’s a gem. I’ve read an embarrassingly large number of introductions to investing in equities and this is probably the best. Other books purport to tell you how to identify hot stocks; Dorsey shows how to value companies”
— Verified Buyer · Amazon ★★★★★
Reader reviews sourced from public platforms (Goodreads, Amazon & book communities) and lightly edited for length.
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