Smart Investors Know This One Thing Before Buying a Stock

Smart Investors Know This One Thing Before Buying a Stock

The Motley Fool recommends owning stocks for the long haul. But in order to do so, you must be able to find the best businesses that are out there. This is easier said than done, of course, because the future is uncertain and the competitive landscape is constantly changing. However, there is one thing you can do to stack the odds in your favor before you decide to buy a stock. And it will certainly help you to become a better investor over time. I'm talking about seeking out companies with competitive advantages. Here's why this is so important to your investing success. What makes a company special? Warren Buffett, the Chairman and CEO of Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B), calls it an economic moat. He looks for companies that possess …
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