Pat Dorsey
Founder and Chief Investment Officer, Dorsey Asset Management; formerly Director of Equity Research and Director of Equity Strategy at Morningstar
He built Morningstar's economic-moat framework and wrote the two books that made moat analysis usable by ordinary investors.
2 books of their own · 5 articles
Books they wrote 2
Letters
dorseyasset.com/publications-commentary/
Dorsey Asset Management's letters to investors exist and are quoted publicly - Morningstar's The Long View interviewed him about 'your most recent letter to investors' - but they are sent to institutional clients only and no issue is posted. The firm's Publications & Commentary page is the whole of its public output: presentation PDFs under dorseyasset.com/wp-content/uploads/, two Manual of Ideas interviews, podcasts and his two books. His Morningstar work, 1998-2011 as director of equity research, was published as Morningstar StockInvestor commentary and Morningstar.com columns behind that site's paywall, and has no standing byline archive.
Articles and essays 5
- Ten Lessons from Ten YearsDorsey Asset Management (Good Investing conference presentation), 2026
- Competitive Advantage and Capital AllocationDorsey Asset Management, 2026
- Maximizing Moats: Reinvestment Runways & Capital AllocationDorsey Asset Management, 2026
- Manual of Ideas interview with Pat DorseyThe Manual of Ideas, 2014
- Manual of Ideas interview with Pat DorseyThe Manual of Ideas, 2012
Blog
Dorsey Asset Management - Publications & Commentary