Money and Finance
Morningstar posted a great video overview of the five kinds of moats they use in analysis. It runs around 20 minutes and its well worth your time to listen in to hear from the analysts describes the moat types and how they use them to identify investment opportunities.
For me, the moat concept goes together with dividend investing like curry and chutney. Dividends require long term holding periods to maximize their effectiveness. You cannot assume a long term holding period unless the company has some kind of moat, the wider the better.
How can you assess a company's value for a quality income strategy? Quantitatively, dividend metrics like FCF are essential, but those quantitative factors only matter if there is a moat that can defend them over the long haul. So a hybrid solution is in order, the qualitative moat assessment matters, too, to ensure that the moat is sustainable over, say, a ten year time period.
- Notes From A Meeting With Warren Buffett On November 15, 2013 - By Dr. David Kass
A big thanks to Peter for passing this along. My Alma Mater, Coastal Carolina University, also happened to be one of the 8 universities that attended the meeting. (11) You were the first person to use the term “moats” as competitive advantage. Morningstar...
- Use The Market's Short-termism To Your Advantage
Here's a general criticism that I often hear about investing in companies with economic moats: Companies with economic moats always look expensive and they trade with premium multiples to the market. How can we invest with a suitable margin-of-safety...
- Fourth Pick In The Wmd Portfolio - Raven Industries
The more real they are, the more fun blogs are to follow. So in that spirit, rather than talking about ideas in the abstract I maintain a hypothetical portfolio to track ideas where I'll semi-regularly (and hypothetically) invest and track buying...
- Analyzing Dividend Stocks With Vitaliy Katsenelson's Quality, Valuation, Growth Framework
Vitaliy Katsenelson has written two books, that cover a similar theme: how to deal with flat, range bound markets that sort meander around nowhere in particular. The first is called Active Value Investing and the follow up The Little Book of Sideways...
- Moats Matter For Dividend Investors
"Why Moats Matter for Equity Income" Josh Peters, Morningstar "The first thing you have to remember about dividend investing is that dividends are paid out slowly, though, relentlessly, and they really add up over time. But if you're going to actually...
Money and Finance
Why Moats Matter
Morningstar posted a great video overview of the five kinds of moats they use in analysis. It runs around 20 minutes and its well worth your time to listen in to hear from the analysts describes the moat types and how they use them to identify investment opportunities.
For me, the moat concept goes together with dividend investing like curry and chutney. Dividends require long term holding periods to maximize their effectiveness. You cannot assume a long term holding period unless the company has some kind of moat, the wider the better.
How can you assess a company's value for a quality income strategy? Quantitatively, dividend metrics like FCF are essential, but those quantitative factors only matter if there is a moat that can defend them over the long haul. So a hybrid solution is in order, the qualitative moat assessment matters, too, to ensure that the moat is sustainable over, say, a ten year time period.
- Notes From A Meeting With Warren Buffett On November 15, 2013 - By Dr. David Kass
A big thanks to Peter for passing this along. My Alma Mater, Coastal Carolina University, also happened to be one of the 8 universities that attended the meeting. (11) You were the first person to use the term “moats” as competitive advantage. Morningstar...
- Use The Market's Short-termism To Your Advantage
Here's a general criticism that I often hear about investing in companies with economic moats: Companies with economic moats always look expensive and they trade with premium multiples to the market. How can we invest with a suitable margin-of-safety...
- Fourth Pick In The Wmd Portfolio - Raven Industries
The more real they are, the more fun blogs are to follow. So in that spirit, rather than talking about ideas in the abstract I maintain a hypothetical portfolio to track ideas where I'll semi-regularly (and hypothetically) invest and track buying...
- Analyzing Dividend Stocks With Vitaliy Katsenelson's Quality, Valuation, Growth Framework
Vitaliy Katsenelson has written two books, that cover a similar theme: how to deal with flat, range bound markets that sort meander around nowhere in particular. The first is called Active Value Investing and the follow up The Little Book of Sideways...
- Moats Matter For Dividend Investors
"Why Moats Matter for Equity Income" Josh Peters, Morningstar "The first thing you have to remember about dividend investing is that dividends are paid out slowly, though, relentlessly, and they really add up over time. But if you're going to actually...