One of the first ever articles I wrote (this was back in 2011) was on local companies with economic moats. This was really long ago and thanks to the power of the internet its still out there: https://quantitativevalue.org/2011/01/16/economic-moats-of-locally-listed-companies/ Back then, I wrote: SPH is the dominant provider of printed newspaper and magazines in Singapore. It has done extremely well over the years. However, its economic moat has weakened somewhat in recent years with the rising popularity of the Internet.   Ah, if only I realized the significance of what I wrote. It was also one of the first companies I ever analyzed by familiarity seeing that it was within my simple circle of competence. The company was one of the “blue-chip” stocks, and traded within a very tight region of $3.80 to $4.00. I never found the stock particularly cheap or expensive and that was that ...