“There has to be a need or desire to have a product.” – Phil Town
In this week’s episode of InvestED, Phil and Danielle return to their recent conversation on checklists and their acronym, RULES. Their conversation focuses on the discussion of the “U” letter, Understand, and dive into what you need to understand about a company’s moat.
The moat is one of the 4M’s discussed in this episode. It includes the critical pieces you should know that a company has to have. Charlie Munger describes the moat as the durable competitive and intrinsic advantage of a company.
There are 10 items under Phil’s moat checklist. As an investor you have to look at pieces of the operation you can’t do without.
To find out what the 10 items on Phil’s moat checklist are, Join us on the podcast today!
• Invested by Phil and Danielle Town
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On the InvestED podcast, Phil and his daughter Danielle shine a light on the successful investing strategies that gurus like Warren Buffett have used for 80 years. Listen in for a great stock market education on basics, learn how to invest on your own, and follow along with real-time examples and investing tips from week to week.