In an excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins explore how to identify a moat and how intangible assets can help a firm carve out a sustainable competitive advantage.
In this second excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins detail how companies leverage cost advantage and switching costs to their benefit.
In this final excerpt from their new book, Morningstar's Heather Brilliant and Elizabeth Collins examine how companies can build competitive advantages around network effect and scale efficiency.
Near-term headwinds pose no long-term setback for the company's low-cost advantages, says Morningstar's Elizabeth Collins .
Morningstar's Elizabeth Collins discusses the index's selection process and highlights one of the recent additions.
Cyprus-related fears, a China slowdown, and momentum factors are likely behind the recent drop in gold, says Morningstar's Elizabeth Collins .
Morningstar's Matt Coffina and Elizabeth Collins discuss how our moat committee distinguishes companies with moats, and they offer examples of stocks that carry these competitive advantages.
Companies with fortified moats can stave off competition and tend to have better risk-adjusted returns than the broader market.
Competitive advantages have improved for Mead Johnson, while De La Rue's moat was downgraded to narrow and POSCO was deemed a no-moat company.
These reader favorites may be most appreciated long after the holidays are over.