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Morningstar's moat framework will make you a better investor: https://t.co/5AmiJJdmFU
Moat:
āAn intrinsic characteristic that gives the business a durable competitive advantageā - Munger
How an Economic Moat Provides a Competitive Advantage
investopedia.com
The company has a wide āmoat,ā or competitive advantage.
Benjamin Graham ā¢ The Intelligent Investor, Rev. Ed (Collins Business Essentials)
Think about an economic moat in two dimensions. Thereās depthāhow much money the firm can makeāand thereās widthāhow long the firm can sustain above-average profits.
Pat Dorsey ā¢ The Five Rules for Successful Stock Investing: Morningstar's Guide to Building Wealth and Winning in the Market
Pat Dorsey explains the importance of assessing a companies reinvestment opportunities https://t.co/rVzc4pccBN