Pat Dorsey is President of Sanibel Captiva Investment Advisers and a recognized authority on the topic of moats. Pat was previously Director of Equity Research at Morningstar for over ten years, where he was responsible for the direction of Morningstar’s equity research effort. He led the development of Morningstar’s economic moat ratings as well as the methodology behind Morningstar’s framework for competitive analysis. Pat is the author of The Five Rules for Successful Stock Investing and The Little Book that Builds Wealth.

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