10 Lessons on Moats


Capital Allocation, Compounder, Moat, Strategy

Moat is independent of market size The common misunderstanding for moat like scale economies is that it only exist in large markets. While a company has to reach a certain size to achieve scale advantage, it is in relative to the size of its competitors, not the size of the market. A company that is […]

July 25, 2019

Books on Moats & Competitive Advantage


Books, Competition, Moat, Strategy

I have always interested to find out what makes a company tick. Why some companies succeed while others fail? What enables a company to grow continuously for decades when others fail to maintain that even for a few years. Is it management? The nature of the industry? The products a company offers? Or is it […]

March 30, 2019

The 7 Moats of Quality Companies


Competition, Moat, Strategy

Why is the reason that some companies can grow their business at a high return for decades while others failed to do so or falter after a few years of outstanding growth? What separates them? Is it because of the management? Or is it something else? More importantly, what is the commonalities amongst these high […]

March 5, 2019

Investing for The Time Poor


Leverage, Margin of Safety, Moat, Time

Not everyone has the luxury of time to read 500 pages of annual reports, industry publications, and newspapers daily to find new ideas. We have family and career obligations yet aspire to manage our own investments over passive investing or managed funds. Some would opt for paid services that filter or recommend stocks that shorten […]

June 28, 2017