Business
Want to invest like Warren Buffett? This ASX ETF is all about ‘the moat’ – Motley Fool Australia
The VanEck Vectors Wide Moat ETF holds the kinds of companies Warren Buffett loves – namely those with an intrinsic competitive advantage.
The legendary investor Warren Buffett – chair and CEO of Berkshire Hathaway Inc(NYSE: BRK.A)(NYSE: BRK.B) – is famous for his coinage of the term ‘moat’.
He explained his criteria for a moat as follows in his 2007 annual letter to the shareholders of Berkshire Hathaway:
It’s better to have a part interest in the Hope Diamond than to own all of a rhinestone. A truly great business must have an enduring ‘moat‘ that protects excellent returns on invested capital. The dynamics of capitalism guarantee…
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