It’s not that The Moat doesn’t matter in stock selection, it’s that, like most analytic concepts, it doesn’t always matter.
Wall Street Terminology
New Glossary of Finance Terms Volume II
Back in March, I updated the definitions of several finance terms to better suit the times. Due to popular demand, I’m bringing this feature back this afternoon and covering a handful of definitions for y’all. Here’s the New Glossary of Finance Terms Volume II… Stagflation: This occurs when the number of male deer grows too…