Identifying Competitive Advantages (Moats) in Finance
This article explains the concept of \"economic moats\"—sustainable competitive advantages that protect a company from competitors and ensure long-term profitability. It outlines five key types of moats: cost advantages, network effects, brand power, switching costs, and intangible assets, using examples like Walmart, Apple, and Microsoft to illustrate each. Aimed at investors, the guide offers a framework for identifying businesses with strong and durable competitive edges in dynamic markets.