Please note: This is a companion version & not the original book. Sample Book Insights:#1 The goal of economic moat analysis is to identify companies with sustainable competitive advantages, or economic moats. These are the keys to outperforming the stock market over time.#2 There are companies that are able to generate high returns on capital for extended periods of time. These companies are able to withstand the relentless onslaught of competition for long periods, and these are the wealth-compounding machines that we want to find and own.#3 The amount of value a company creates for itself and its shareholders depends on two things: the amount of value being created and the business’ ability to continue to create value well into the future. The first factor is easy to calculate using basic financial statements.#4 An economic moat is when a company has a dominant market position and favorable long-term regulatory framework that protects its high returns. It’s difficult for any single company to establish a cost advantage, and this causes eventual oversupply and weak or nonexistent profits for all players.