Value Investing : A guide to stock picking. Strategies passed down from Benjamin Graham, Warren Buffett, Peter Lynch, Carl Icahn, Bill Ackman, and more.

by Matthaeus Granger

A company can have a moat because they can manufacture something at a lower cost thus sell at a more favorable price, or they can have a good reputation among consumers, good location, qualitative or quantitative factors, etc.

Moat