Why moats matter : the Morningstar approach to stock investing / / Heather Brilliant, Elizabeth Collins ; illustration, Christopher Cantore
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| Autore: |
Brilliant Heather
|
| Titolo: |
Why moats matter : the Morningstar approach to stock investing / / Heather Brilliant, Elizabeth Collins ; illustration, Christopher Cantore
|
| Pubblicazione: | Hoboken, New Jersey : , : Wiley, , 2014 |
| ©2014 | |
| Descrizione fisica: | 1 online resource (243 p.) |
| Disciplina: | 332.63/22 |
| Soggetto topico: | Stocks |
| Investment analysis | |
| Soggetto genere / forma: | Electronic books. |
| Persona (resp. second.): | CollinsElizabeth |
| CantoreChristopher | |
| Note generali: | Includes index. |
| Nota di contenuto: | Why Moats Matter: The Morningstar Approach to Stock Investing; Copyright; Contents; Preface; Acknowledgments; Chapter 1: Guiding Principles of Morningstar's Equity Research; Question 1: How Can We Identify Which Businesses Are Great?; Moats; Moats and Value Creation; Moats in Action; Moat Sources; Assigning Moat Ratings; Question 2: When Is the Best Time to Invest in Great Businesses?; The Importance of Valuation; Estimating Fair Value; Margin of Safety; Chapter 2: What Makes a Moat?; Moat Sources; Intangible Assets; Cost Advantage; Switching Costs; Network Effect; Efficient Scale; Notes |
| Chapter 3: Why Moat Trends Matter Moat Trends and Fundamental Performance; Five Key Considerations for Moat Trends; Intangibles; Cost Advantage; Switching Costs; Network Effect; Efficient Scale; Best Practices for Moat Trend Analysis; Chapter 4: How Stewardship Affects Economic Moats; Meet Our Stewardship Methodology; Drilling Down; Investment Strategy and Valuation; Execution; Financial Leverage; Dividend and Share-Buyback Policies; Compensation; Related-Party Transactions; Accounting Practices; Management Backgrounds; Health, Safety, and Environment; Ownership Structure; Stakeholder Focus | |
| Communication With Shareholders Stewardship Ratings by Moat and Sector; Basic Materials; Consumer; Energy; Financial Services; Healthcare; Industrials; Technology; Utilities; Chapter 5: Applying Moats to Dividend Investing; Why Dividends Matter; Which Dividends?; Chapter 6: The Importance of Valuation; Valuation Concepts; Cost of Capital and Returns on Capital; Morningstar's Valuation Approach; Example: Calculating ROIC; Forecasting Future Free Cash Flows; The Morningstar RatingTM for Stocks; Fair Value Uncertainty and Cost of Equity; Notes; Chapter 7: Do Moat Ratings Predict Stock Returns? | |
| Chapter 8: Putting Moat and Valuation to Work: Portfolio Strategies Wide Moat Focus Index; The Tortoise and Hare Portfolios; Stock Investor's Stock Selection Criteria; Portfolio Management Strategy; Summing Up; Chapter 9: Basic Materials; Commodity Manufacturers; Commodity Processors; Metals and Mining; Chapter 10: Consumer; Beverages; Consumer Products; Tobacco; Restaurants; Retail Defensive; Specialty Retail; Lodging; Notes; Chapter 11: Energy; Oil and Gas Drilling; Oil and Gas Exploration and Production; Oil and Gas Midstream; Refining; Oil and Gas Integrateds; Engineering Services | |
| Chapter 12: Financial Services Banks; Capital Markets; Credit Services; Financial Exchanges; Insurance; Chapter 13: Healthcare; Pharmaceuticals; Biotechnology; Medical Devices; Medical Instruments and Supplies; Diagnostics and Research; Chapter 14: Industrials; Railroads; Airport Operators; Aerospace and Defense; Trucking and Marine Shipping; Waste Management; Heavy Equipment; Diversified Industrials; Chapter 15: Technology; Consumer Technology; Enterprise Hardware Systems; IT Services; Semiconductors; Software; Telecom Services; Chapter 16: Utilities; Regulated and Diversified Utilities | |
| Independent Power Producers | |
| Sommario/riassunto: | Incorporate economic moat analysis for profitable investing Why Moats Matter is a comprehensive guide to finding great companies with economic moats, or competitive advantages. This book explains the investment approach used by Morningstar, Inc., and includes a free trial to Morningstar's Research. Economic moats-or sustainable competitive advantages-protect companies from competitors. Legendary investor Warren Buffett devised the economic moat concept. Morningstar has made it the foundation of a successful stock-investing philosophy. Morningstar views investing in the most fundamental sense: |
| Titolo autorizzato: | Why moats matter |
| ISBN: | 1-118-76099-9 |
| 1-118-76102-2 | |
| Formato: | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione: | Inglese |
| Record Nr.: | 9910464618003321 |
| Lo trovi qui: | Univ. Federico II |
| Opac: | Controlla la disponibilità qui |