{"title":"Elizabeth Collins","description":"\u003cp\u003eWelcome to the Elizabeth Collins collection, where finance and investment insights await your discovery. Elizabeth Collins is renowned for her profound understanding of economic moats and her ability to translate complex financial concepts into accessible knowledge for readers. Her work, including the notable book \u003cem\u003eWhy Moats Matter\u003c\/em\u003e, delves into the critical importance of economic moats—the competitive advantages that set successful companies apart in the marketplace.\u003c\/p\u003e\n\n\u003cp\u003eWhether you are a seasoned investor or just beginning your financial journey, Collins’s writings provide valuable guidance and a fresh perspective on building sustainable success in the investment world. Her expertise helps readers identify and comprehend the pivotal factors that contribute to long-term profitability and stability.\u003c\/p\u003e\n\n\u003cp\u003eExplore the Elizabeth Collins collection today to enhance your understanding of economic strategies and to fortify your investment acumen with insights from one of the field's respected voices.\u003c\/p\u003e","products":[{"product_id":"why-moats-matter-by-heather-brilliant-9781394377985","title":"Why Moats Matter","description":"\u003cdiv class=\"book-description\"\u003e\n\u003cb\u003eIncorporate economic moat analysis for profitable investing\u003c\/b\u003e\n\n\u003cp\u003e\u003ci\u003eWhy Moats Matter\u003c\/i\u003e 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.\u003c\/p\u003e\n\n\u003cp\u003eEconomic 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.\u003c\/p\u003e\n\n\u003cp\u003eMorningstar views investing in the most fundamental sense: For Morningstar, investing is about holding shares in great businesses for long periods of time. How can investors tell a great business from a poor one? A great business can fend off competition and earn high returns on capital for many years to come. The key to finding these great companies is identifying economic moats that stem from at least one of five sources of competitive advantage—cost advantage, intangible assets, switching costs, efficient scale, and network effect. Each source is explored in depth throughout this book.\u003c\/p\u003e\n\n\u003cp\u003eEven better than finding a great business is finding one at a great price. The stock market affords virtually unlimited opportunities to track prices and buy or sell securities at any hour of the day or night. But looking past that noise and understanding the value of a business's underlying cash flows is the key to successful long-term investing. When investors focus on a company's fundamental value relative to its stock price, and not where the stock price sits today versus a month ago, a day ago, or five minutes ago, investors start to think like owners, not traders. And thinking like an owner will makes readers better investors.\u003c\/p\u003e\n\n\u003cp\u003eThe book provides a fundamental framework for successful long-term investing. The book helps investors answer two key questions: How can investors identify a great business, and when should investors buy that business to maximise return?\u003c\/p\u003e\n\n\u003cp\u003eUsing fundamental moat and valuation analysis has led to superior risk-adjusted returns and made Morningstar analysts some of the industry's top stock-pickers. In this book, Morningstar shares the ins and outs of its moat-driven investment philosophy, which readers can use to identify great stock picks for their own portfolios.\u003c\/p\u003e\n\u003c\/div\u003e","brand":"Unknown","offers":[{"title":"Default Title","offer_id":47307379605740,"sku":"9781394377985","price":41.99,"currency_code":"NZD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0705\/7784\/8556\/files\/12319493482684.jpg?v=1771074792"}],"url":"https:\/\/bookhero.co.nz\/collections\/elizabeth-collins.oembed","provider":"Book Hero","version":"1.0","type":"link"}