Why Moats Matter
The Morningstar Approach to Stock InvestingBook - 2014
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.
Publisher: Hoboken, NJ : Wiley, c2014
Characteristics: xii, 228 p. : ill. ; 24 cm