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5 of the Best Businesses to Own for the Long Haul

These wide-moat companies have positive moat trends and exemplary stewardship ratings.

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In our view, good businesses have competitive advantages. They're tough to beat whatever market they're in; they've carved out moats that should allow them to generate excess returns for the next decade.

Great businesses, meanwhile, have unassailable competitive advantages--they have wide moats that should allow them to generate excess returns for the next two decades.

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