If you can find a company with solid returns on capital and one of characteristics, you’ve likely found a company with a moat.
“These findings reveal an axiomatic truth about investing: investors aren’t rewarded for picking winners; they’re rewarded for uncovering mispricings – divergences between the price of a security and its intrinsic value. It is mispricings that create market-beating opportunities.” Please follow and like us:0
Principles are concepts that can be applied over and over again in similar circumstances as distinct from narrow answers to specific questions. Every game has principles that successful players master to achieve winning results. So does life. Principles are ways of successfully dealing with the laws of nature or the laws of life. Those who […]