Finding economic moats is a critical process in value investing.
Consider the following briefs:
1) Nature of business
2) Low debt
3) Good management
4) Innovation
5) Known products which sell well (include Branding)
6) Barriers to entry
7) Investment in capex and R&D
8) Business focus
Can business cycles be consider? such as properties play, shipping, etc.
Is the above order of importance correct or Good Management should comes first above all?
Appreciate all comments.
Consider the following briefs:
1) Nature of business
2) Low debt
3) Good management
4) Innovation
5) Known products which sell well (include Branding)
6) Barriers to entry
7) Investment in capex and R&D
8) Business focus
Can business cycles be consider? such as properties play, shipping, etc.
Is the above order of importance correct or Good Management should comes first above all?
Appreciate all comments.