This is the best business book that describes enduring competitive
advantages of profitable businesses. MOATS : The Competitive
Advantages of Buffett and Munger Businesses explains the
competitive nature of 70 selected businesses purchased by Warren
Buffett and Charlie Munger for Berkshire Hathaway Incorporated.
This is a very useful resource for investors, managers, students of
business around the world. It also looks at the sustainability of
these competitive advantages in each of the 70 chapters. The moat
is the protective barrier around each business' economic castle.
Some of these businesses have double and triple moats of
protection.
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