Consider a Moat When Choosing Investments
Robert R. Johnson
By most accounts, it was investing superstar Warren Buffett who first used the term "moat" to gauge the quality of an investment, but it's a useful concept for ordinary investors as well.
Like the barrier protecting a castle, a wide moat makes an investment safer, a narrow one not so much.
Brown, Jeff, "Consider a Moat When Choosing Investments" (2017). In the News. 2495.