Monday, June 16, 2008

Four steps for successful investment

Book Value
The Little Book that Builds Wealth
Pat Dorsey
( http://www.wiley.com/ )

Identify the right businesses

The game plan to invest successfully has four steps, according to Pat Dorsey. First, identify businesses that can generate above-average profits for many years, he writes in ‘The Little Book that Builds Wealth’. Second, wait until the shares of those businesses trade for less than their intrinsic value, and then buy.

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