SYTFE
Gold Member
- Jun 25, 2016
- 8,879
- 1,189
I'm referring to Morningstar's interpretation of what Buffett calls a "moat." They've uncovered some very good moats, such as a 'network effect, intangible assets, trap door and cost advantage.'
I've become SUPER tuned to these concepts, and I can now see other "moats" as well that they don't mention. Owning my own business has made be hyper sensitive to these invisible moats, and I think they're key for picking companies to buy.
I've become SUPER tuned to these concepts, and I can now see other "moats" as well that they don't mention. Owning my own business has made be hyper sensitive to these invisible moats, and I think they're key for picking companies to buy.