Understanding the intersection of economic moat and management is a valuable exercise for investors and is best done separately.
The phrase “economic moat” is thrown around too broadly. Here’s what to know and what to watch out for.
GDP is a key piece of economic data for investors, but its complexity and use of historical trend data has made it increasingly unreliable as a catch-all measure of economic growth.
As an investor, merely recognizing stock market distractions as entertainment rather than information is step one to limiting their negative influence.
Long-term investors should spend more time researching a company’s corporate culture and how it can strengthen (or weaken) its economic moat.