Moats Great Indicators for Stock Staying Power
Companies with fortified moats can stave off competition and tend to have better risk-adjusted returns than the broader market.
Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. The concept of economic moats has been used successfully by a number of well-known investors. I'm here today with Elizabeth Collins and Heather Brilliant. They're co-authors of the new Morningstar book, Why Moats Matter, to look at this concept and how investors can profit from it.
Elizabeth, Heather, thanks for joining me.
Jeremy Glaser does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.