Warren Buffett, the leader of Berkshire Hathaway and one of the most successful investors ever, has a few adages for his form of value investing.
While Buffett has been a wellspring of investing insights, one of the most integral parts of Buffett's outlook on investing has a bit of a medieval flair to it: moats.
While Buffett has been espousing this idea for years, and we've highlighted the idea indirectly before, a note from CLSA's Damian Kestel on Friday included one of the most relevant pieces of Buffett's investing strategy we've seen.
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