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Moat Investing

Explore insights on moat investing, powered by Morningstar’s equity research.

EDUCATION

Moat investing represents a simple concept: Invest in companies with sustainable competitive advantages trading at attractive valuations. Learn more about how to access Morningstar’s philosophy.
A moat is a company’s ability to maintain its competitive advantages and defend its long-term profitability. Discover the five primary sources of moat, according to Morningstar.

EDUCATION

Frequently Asked Questions

Given the large small- and mid-cap stock universe and lack of analyst coverage, we believe a more selective approach may be a better choice than a broad-market exposure. We explore in this Q&A.

Morningstar’s approach to moat investing starts with companies with sustainable competitive advantages and targets those trading at attractive valuations. We explore in this Q&A.