To properly invest in a company, you need to understand what they do. Not only is that the case, but you need to identify what makes them different and provides an advantage over other companies. This is where the idea of economic moats comes in. Moats are literally the advantages that will keep other companies from stealing the market share of the company that you are looking at. Investing in companies with wide moats makes a huge difference in being able to invest over the long-term. Today, we will discuss:

1. What economic moats are

2. Identifiers of wide economic moats

3. Companies that have wide economic moats

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Don’t forget to like, subscribe, and leave comments below as I would love your feedback. Be sure to check out my website (www.mnowithdylan.com) where you can get more information on my financial coaching services and more, the podcast of these shows if you are more of a listener than a watcher, and follow the show on any social media outlet (FB, Twitter, & Instagram) @mnowithdylan (Money’s No Object with Dylan Howell) [All links in description]. Tune in tomorrow for a discussion of whether or not diversification is a bad concept. Don’t forget to check-in every weekday (Monday-Friday) for new videos which will be uploaded each day at 6 a.m. CDT. Thank you, guys, for tuning into this episode of Money’s No Object. I’m Dylan Howell. God Bless!

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