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One New Wide-Moat Firm, One Downgrade

A data firms digs a wide moat in commercial real estate, while a tax preparer loses market share.

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Jason Stipp: I'm Jason Stipp from Morningstar. We spend a lot of time here at Morningstar thinking about companies' economic moats, this is our assessment of their competitive advantages and how long those advantages can last.

An interesting window into our economic moat thinking is to look at recent changes to moat ratings, and here with me to talk about two really interesting ones is Paul Larson. He's the editor of Morningstar StockInvestor and an equity strategist here at Morningstar. Thanks for being here, Paul.

Jason Stipp does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.