Moats and Margins: How Competitive Advantage Drives Stock Prices

"Moats and Margins" is an in-depth investing guide built for long-term thinkers. Rooted in Warren Buffett's concept of the economic moat, this book explores how companies maintain strategic dominance-and how investors can profit from it. You'll learn to identify durable advantages, interpret key metrics like ROIC and free cash flow, and understand how moats affect everything from pricing power to capital allocation.
Through expository clarity, modern case studies, and easy-to-use templates, this book helps U.S. investors cut through hype and zero in on quality. Whether evaluating brands, balance sheets, or buying back shares, you'll discover how moats turn numbers into narratives-and narratives into multi-decade compounding.