Warren Buffett, moats, castles & share market investing
b"Does your company have a moat?\\nHere at Rask, one of the key pillars in our\\xa0investment philosophy\\xa0is investing in companies with strong advantages or moats.\\nA moat is a throw-back to the good ol\\u2019 days when castles (business franchises) needed a ring of water (competitive advantage) to protect them from the attack of enemy armies (competitors) who had heavy armour and weaponry.\\nA moat is a feature of a business that enables it to generate excess returns on capital for a sustained period. Under the rules of capitalism, usually a competitor would enter the market and eat away at those returns.\\nIn this episode, Kate & Owen discuss what an investment moat is, share Morningstar\\u2019s 5 moats and companies that fall within each category, along with how to identify and stress test a company\\u2019s moat.\\nReady-made ETF portfolios? Rask Core has you covered (use code \\u2018AFP\\u2019 for $50 off your lifetime membership).\\nTake one of our amazing money & investing courses (think ETFs, shares, property and FIRE) on Rask Education.\\nASK A QUESTION: https://bit.ly/3QtiY00\\nIf you want to thank us for putting this show together, please give The Australian Finance Podcast a 5 star review on Apple Podcasts or Spotify - it\\u2019s a 5 second task which really helps support the show (and puts a big smile on our faces).\\nPearler, the broker for long-term investors. Sign-up to Pearler using the code \\u201cRASK\\u201d for $15 of Pearler Credit: bit.ly/Pearler\\nWe're proudly supported by Global X ETFs. Learn more about the growing range of leading ETFs, on the Global X website:\\xa0https://bit.ly/gx-funds\\nBoost your investment potential, with FundLater. With InvestSMART's Fundlater, you can start a $10,000 investment portfolio, with only $4,000 upfront. Find out how: rask.com.au/inv-fundlater\\nInvesting Made Simple. Thanks to InvestSMART's ready-made ETF portfolios, you can start investing now in a portfolio managed by experts. Not only that, you can invest confidently knowing your investment fees are capped. Learn more: rask.com.au/inv-pma\\nDISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you\\u2019re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.\\nFull individual disclosures for each guest are available via the show notes page. Owen, Kate and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.\\nAccess The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg\\nLearn more about your ad choices. Visit megaphone.fm/adchoices"