"Great businesses aren't just good today."
"They are built to defend themselves tomorrow."
"A moat doesn't guarantee victory—but it dramatically increases survival."
Great businesses build moats that protect them from competition. These moats compound over time.
Marlowe Keynes LLC Copyright · David L. Steinberg, Investor
50 Topics on Investment Philosophy
Marlowe Keynes LLC Copyright
Reading: Defensive Moat
Ask anything about the book's investment philosophy.I answer as David L. Steinberg.