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Podcast: Australian Investors Podcast
Episode: 🏋️ Fantastic moats (and where to find them)
Description: In this Investor Bootcamp episode on The Australian Investors Podcast, Owen Rask dives deep into competitive advantages, otherwise known as "moats".Topics covered include:
What is a moat?
Morningstar's 5 moat ratings:
Network effects
Efficient scale
Intangible assets
Cost advantage
Switching costs
Where wide, narrow and no moat companies are found
How moats are measured (ROIC - WACC)
Why the airline industry sucks... capital away from investors
How dominant wide-moat companies like Microsoft or Xero can grow more powerful as they grow
Some of companies mentioned include:
Xero Limited (ASX: XRO)
...