Brilliant, Heather & Collins, Elizabeth – Why Moats Matter

John Wiley & Sons, 2014, [Equity Investing] Grade 4

In a capitalistic economy with free market entry new competition will ensure that any existing company’s surplus financial returns will evaporate over time. That is, unless there is something that interferes and protects the incumbents from new competition. Few have spent more time... Further Reading...  Link to Amazon...