The term, “economic moat” was coined by Warren Buffett. Morningstar have taken this term and developed an economic moat assessment to help it rate companies. Their definition is: In a free-market economy, capital seeks the areas of highest return. Whenever a company...
Most organizations are adept at making bottom line improvements. Few are as quick to tackle above the line opportunities. Above the line refers to the first three categories of the income statement – Revenues, and Cost Of Goods Sold (COGS) and Gross...
