Does It Pay to Invest in Wide-Moat Stocks?
It sure does--but don't disregard valuation.
This analyst blog is part of our coverage of the 2017 Morningstar Investment Conference.
It makes sense, in theory: Companies with sustainable advantages--or those that Morningstar says have economic moats--should perform better over time than those companies without such advantages.
Susan Dziubinski does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.