At long last, midterm elections are over. Now pundits will muse about what the outcome means for the stock market--as if knowing where the market is headed is that simple.
Instead of guessing where stocks are going next, we suggest investors focus on finding companies with competitive advantages--companies with moats--and buy them when they're trading at a discount to what they're worth. Then, hold on until they reach fair value.
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Susan Dziubinski does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.