Why Moats Matter
Narrated by Julie Eickhoff
- Released
- July 27, 2020
- Length
- 8 hrs 8 mins
- Format
- Unabridged Audiobook
- Publisher
- Ascent Audio
This book explores the concept of economic moats—the competitive advantages that help leading companies maintain their market dominance and provide safer investments. It introduces Morningstar’s investing approach, distinguishing between business quality and undervaluation, while explaining key features of economic moats such as network effects and cost benefits. The book also covers industry standards for identifying moats and their influence on stock returns and valuation.
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