Markets
Friday, 7/3, 02:45 PM
What Is an Economic Moat? Warren Buffett's Test for a Durable Business
- An 'economic moat' is the durable advantage that lets a company fend off competitors and keep earning high returns for years.
- Popularized by Warren Buffett, it's one of the most useful ideas for judging whether a business is built to last — here's how to spot one.