Apr, 12, 2017

Moats

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In our 2016 Annual Report, the topic of Moats was our focus.  We went into extensive detail on the sources of moats as well as why Moats matter. The excerpt of Moats from the annual report can be found here.  We believe this topic is an integral part of how we view companies to invest in.  The full 2016 Annual Report can be found here.

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