Summary of Start Thinking Like an Analyst

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Summary of Start Thinking Like an Analyst

Successful long-term investing involves more than just identifying solid businesses, or finding businesses that are growing rapidly, or buying cheap stocks. We believe that successful investing also involves evaluating whether a business will stand the test of time.

Moats are a useful framework to help answer this question. Identifying a moat will take a little more effort than looking up a few numbers, but we think understanding a company’s competitive position is an important process for determining its long-term profitability. And as we stated earlier in this book, how well a company’s stock performs is directly related to the profits the firm can generate over the long haul.

What you have learned

  1. Four Basic Questions to Help You Think Like an Analyst
  2. Finding a Framework for Analysis: Moats
  3. Types of Economic Moats

Find out what you have learned