If identifying a company's moat is important to an investment thesis, why do so many companies with high moats end up being lousy investments?
Half Baked (Investing) Ideas: How Much Do Moats Really Matter?
Half Baked (Investing) Ideas: How Much Do…
Half Baked (Investing) Ideas: How Much Do Moats Really Matter?
If identifying a company's moat is important to an investment thesis, why do so many companies with high moats end up being lousy investments?