Economic Moats: The Engine Behind Long-Term Earnings Power

Sustainable value creation requires a competitive advantage that has both magnitude and duration.

Featured Tickers: AAPL, AMZN,BB, COST, CSCO, GOOGL, KO, MA, META, MSFT, RYCEY, V, WMT, ZM

• Long-term stock performance depends on sustained earnings and competitive advantages

• Six moat types can help businesses defend profits and generate lasting returns

• How to evaluate moat durability, risks of erosion, and impact on capital allocation and valuation