Summary
In the Middle Ages, moats were deep, water-filled trenches that encircled castles to protect kings. The wider, the better.
In 2007, moats are the competitive advantages that protect dominant companies and their shareholders. The wider, the better.See the full content of this document
Extract
'Moats' Add Might to Investment Returns
The goal in trying to pick companies with wide moats is to give investors the security of knowing that a firm isn't likely to see its products or services overtaken by rivals.
Although many of these companies are king-size, some smaller niche players qualify, too. O...See the full content of this document
Sponsored links
