I am a CA by education and have been buying stocks since 1980. During those days, books on investing were almost zero. I didn't know about Warren Buffett till 1994 and got to know about his annual reports at the same time. Sanjoy Bhattacharyya first told me about him and gave me a few physical copies of the reports. After I read through them, it was as if a light switch had flipped on. Buffett advocated focusing on the economic moat rather than earnings per share. That seemed like pathbreaking wisdom. Ever since, I became his disciple and have been trying to understand what he does in depth. One of his favourite quotes is, "Great companies are like wonderful castles with deep dangerous moats."
Feature
Moats Versus Boats - Part 4
Value investor Raamdeo Agrawal on his understanding of a economic moat
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Published 7 years ago on Mar 31, 2016 • 3 minutes Read
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