Skip to Content
US Videos

Making a Moat with 'Efficient Scale'

Serving a naturally limited market can be a source of competitive advantage, or economic moat, says Morningstar's Paul Larson.

Mentioned: , , ,

Jason Stipp: I'm Jason Stipp for Morningstar.

If you are a regular reader on, you know that our analysts spend a lot of time thinking about economic moats, and they recently came up with another explicit source of economic moat.

To view this article, become a Morningstar Basic member.

Register for Free

Jason Stipp does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.