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Moat Investing

Explore insights on moat investing, powered by Morningstar’s equity research.


Moat investing represents a simple concept: Invest in companies with sustainable competitive advantages trading at attractive valuations. Learn more about how to access Morningstar’s philosophy.
A moat is a company’s ability to maintain its competitive advantages and defend its long-term profitability. Discover the five primary sources of moat, according to Morningstar.


Frequently Asked Questions On Moat Investing

Morningstar’s approach to moat investing starts with companies with sustainable competitive advantages and targets those trading at attractive valuations. We explore in this Q&A.