Don't let the woes of the economy and the market fool you: Morningstar is still a buyer. That's the central point chairman and CEO Joe Mansueto told Reuters Friday.

"We have plenty of cash and investments on our balance sheet [$309.6 million, to be exact]. I think we are in a good position to make acquisitions," Mansueto said. "With the stronger dollar, we are in an even better positions today to do that overseas." 

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