If
you want to become a successful investor, analysing and being sagacious
when buying shares in a company on the market is a cunning attitude.
And, if you have vision plans to earn more money rather than to loss a
lot of your savings, you should also scrutinise each company that sells
shares on the market before committing yourself.
It
is very common to all investors to read about the company thoroughly
and also, to learn more opinions from the experts (seniors) who are now
sharing their own good and bad experiences about the market on the web
and written in numerous 'money' magazines. Moreover, a direct way to
identify if a firm(s) has strong defences against economic crises is by
knowing its economic moat.
According
to the third wealthiest man in the world, Warren Buffet, the term
economic moat refers to a business ability to maintain competitive
advantages over its competitor in order to protect its long term profits
and market share from competing firms.
*Photo from INKCINCT CARTOONS
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