Saswat Mishra's Reviews > The Little Book That Builds Wealth: The Knockout Formula for Finding Great Investments

Stock pickers need to realize that picking stocks isn't simply about poring over the financial statements. It is about buying great companies that can compound sales and profits for years leading to share prices going up manifold over time. It is about being able to understand why certain companies go on to become great and why others fail.

This book makes a terrific case for companies with moats (sustainable competitive advantages) as the cornerstone of any successful equity portfolio. It describes what moats are and how they work.

The writing is crisp and easy to follow.

Most stock pickers will greatly benefit from understanding the concepts laid bare here. For me, this is a top three book on investing