Investment Insights
August 10 2023
Spotlight On: Moats (Economic, Not Medieval)
10 min read
Steven Bleiberg, Managing Director, Portfolio Manager, TD Epoch; David Siino, CFA, CAIA, Managing Director, Portfolio Manager, Senior Research Analyst, TD Epoch
Our Quality Capital Reinvestment PMs explore economic moats and their connection to the persistence of return on invested capital (ROIC). They also at how Porter's five forces help explain the persistence of ROIC and warning signs for the breaching of economic moats.
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