Transcription of Measuring the Moat - csinvesting
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Measuring the Moat - csinvesting
FOR DISCLOSURES AND OTHER IMPORTANT INFORMATION, PLEASE REFER TO THE BACK OF THIS REPORT. July 22, 2013 GLOBAL FINANCIAL STRATEGIES Measuring the Moat Assessing the Magnitude and Sustainability of Value Creation Authors Michael J. Mauboussin Dan Callahan, CFA The most important thing to me is figuring out how big a moat there is around the business. What I love, of course, is a big castle and a big moat with piranhas and crocodiles. Warren E. Buffett Linda Grant, Striking Out at Wall Street, News & World Report, June 12, 1994 Sustainable value creation is of prime interest to investors who seek to anticipate expectations revisions.
for disclosures and other important information, please refer to the back of this report. july 22, 2013 global financial strategies www.credit-suisse.com
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