A strong network effect, with scale and bargaining power, provides this wide - moat firm a long runway of opportunity to gain market share in the coming years.
The recent sell-off makes wide - moat Amazon even more attractive.
Apparel manufacturers are solidifying their brand identities and cost efficiencies to build moats.
UPDATE: 10 most popular U.S. cities to retire in
Whether you're hunting for bargains or seeking simple solutions when investing your 2013 IRA contribution, we've got some ideas for you.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Morningstar's Christine Benz demonstrates how to make a bucket portfolio best work for you, touching on allocation, RMDs, other income sources, and more.
China Southern Airlines Warns of 1st Quarter Loss
UPDATE: U.S. declines to name China a currency manipulator
Increased investor inflows and portfolio reshuffling (driven in part by a fairly valued market), has added breadth to the high-conviction and new-money purchases we've seen so far from our top managers.