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Why Moats Matter
The Morningstar Approach to Stock Investing
Author: Heather Brilliant, Elizabeth Collins
Narrator: Julie Eickhoff
Unabridged: 8 hr 8 min
Format: Digital Audiobook Download
Publisher: Ascent Audio
Published: 11/14/2021
Includes: Bonus Material
Synopsis
Economic moats, referring to the advantages a company has over its competitors, are competitive structures that help great companies continue to be great investments. Stock in a company with a wide economic moat is usually a much safer investment.This book will: Introduce Morningstar's approach to investing Establish the difference between business quality and undervalued stocks Explain economic moat and its network effect, cost benefits, and efficient scales Discuss industry standards for determining moats Help determine what moat means for stock returns and their impact on stock valuation