Includes bibliographical references.

Economic moats -- Mistaken moats -- Intangible assets -- Switching costs-- The network effect -- Cost advantages -- The size advantage -- Eroding moats -- Finding moats -- The big boss -- Where the rubber meets the road -- What's a moat worth? -- Tools for valuation -- When to sell -- More than numbers.

In iThe Little Book That Builds Wealth, /i author Pat Dorsey'the Director of Equity Research for leading independent investment research provider Morningstar, Inc.'reveals why competitive advantages, or economic moats, are such strong indicators of great long-term investments and examines four of their most common sources: intangible assets, cost advantages, customer-switching costs, and network economics. Along the way, he skillfully outlines this proven approach and reveals how you can effectively apply it to your own investment endeavors