In investing, the term “moat” is used to describe a competitive advantage that a company has over its rivals. An economic moat is a wide and deep moat. The concept of an economic moat was popularized by Warren Buffett, who is known for his long-term approach to investing. He said that a company’s competitive advantages should be both wide and deep. In order to create a durable competitive advantage, or what he calls an “economic moat.” Today, we will explore what an economic moat is and how it can give a company a competitive advantage. We will also discuss some of the ways that investors can look for companies with strong economic moats. Narrow Vs Wide Economic Moat An economic moat is a competitive advantage that a company has over its rivals. A moat can be either narrow or wide. A narrow economic moat is a competitive advantage that a...