Tue, 30 Nov 2010
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Buffett has the discipline to guide capital back into his firm rather than use it for dividend payouts, but most companies are better off distributing excess cash to shareholders, says Morningstar's Josh Peters.
Bank of America's current management team has allowed the firm to have possibly the strongest capital position among major U.S. banks, says Oakmark's Bill Nygren.
It was a good year for wide-moat stocks overall, but Exxon , Amazon, and a few others lagged the market, says Morningstar markets editor Jeremy Glaser.
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