3min chapter

Invest Like the Best with Patrick O'Shaughnessy cover image

Pat Dorsey - Buying Companies With Economic Moats - [Invest Like the Best, EP.51]

Invest Like the Best with Patrick O'Shaughnessy

CHAPTER

The Four Dimensions of a Moat

Mark Leonard: Strategy and capital allocation should both serve the moat. He says Amazon is a canonical example of this, because everything has been focused on making the customers life easier. If your moat is a brand, then you have to ask yourself, again, break it down into, low search costs? Is it one that garners trust? Without the guarantee, I think it's high customer switching costs.

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