Four companies. Four moats. Four businesses a competitor cannot copy with a bigger budget. Alphabet, Costco, Visa and Microsoft all sit inside my top 10 holdings. None of them earned that spot with a hot quarter. Each one earned it because something protects its profits from the rest of the world. Morningstar calls that protection an economic moat. I call it the reason I can hold a stock through two bad years and still sleep at night. There are seven moats worth knowing. Here they are, …
Continue Reading about Economic Moats: The 7 Types and 4 Stocks I Own
