Warren Buffett, the world's richest stock market investor, says that he bets on companies that are like "strong economic castles with a long-lasting economic moat around them".
Warren Buffett, the world's richest stock market investor, says that he bets on companies that are like "strong economic castles with a long-lasting economic moat around them". He means that he invests in companies that don't have competition. There is another name for it - monopolies. In other words, Buffett knows that only monopolies succeed in Capitalism. It is a secret that no one told you.