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My entire investing life has centered around understanding and finding moats. Safe to say, my approach and knowledge about them have evolved significantly to the point at which I’m finally able to write this guide and be content with it. Enjoy!
Junto
The Complete Guide to Economic Moats
Here's my complete guide to understanding moats and how to measure them.
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An amazing guide Oliver!
The following extract is brilliant -
“A culture that’s fanatical about the little daily improvements is the intangible glue that can hold fast-growing businesses together, the facilitator that gives space for innovation, and the sole reason why companies can emerge stronger from adversity. All the way to the micro level, if the company is continuously delighting its customers and eliminates unnecessary costs, its moat gains strength. If it treats customers with indifference or tolerates bloat, it’ll wither. Moats are not built and then stick. They’re always changing, either expanding or shrinking.”
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