When Ian asked to me write a blog about Canadian Microcaps I quickly said yes. After all, I’ve had a love affair with this tiny little slice of the investment world for over 20 years. It’s been one that has brought me both great joy and bitter heart break. I can’t count how many little […]
So what exactly is an economic moat?
While many subscribers are likely familiar with the concept of economic moats, some may find it foreign. Since the term is a key framework we use, let’s discuss it. In this post, we will provide an overview of the concept and provide some insight into how we use it […]
How many business do you know of that are capable of converting 75% of their revenues into free cash flow? Few businesses could even dream of achieving this feat – even Moody’s, the prototypical wide moat business, manages to convert “only” 35% of its revenues into free cash. Today we will present the only business […]