Sun, 28 Apr 2013
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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.
Morningstar's Miriam Sjoblom discusses how to gauge whether a muni fund is more apt than a taxable- bond fund , yield risks and other key focus points, and some of her muni-fund recommendations.
Berkshire's strong culture is a reminder that good management can help widen a moat, says Morningstar StockInvestor editor Matt Coffina.
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