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James Thomson

Why Buffett's moats still matter

Warren Buffet's famous theory about the 'moats' that surround great businesses rang true in the first big week of earnings season.

It can feel sometimes like Warren Buffett’s star has faded a bit in recent times.

Berkshire Hathaway stock has largely gone sideways over the past two years as growth has dominated value, and the investment icon’s hunt for that next elephant-sized deal has come to nothing.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/link/follow-20180101-p540oy