🛡️ 5 Types of Moats Every Investor Should Know A moat is what protects a company’s profits from competitors. Without one, returns get eaten away fast. Here are the 5 types of moats (with examples): 1️⃣ Intangible Assets – Brands, patents, or licenses (Coca-Cola)
2️⃣ Switching Costs – Painful to switch providers (Oracle)
3️⃣ Network Effect – More users = more value (CME Group)
4️⃣ Cost Advantage – Scale drives low costs (UPS)
5️⃣ Efficient Scale – Natural monopolies (Kinder Morgan) ⚠️ Not...