The search for a free lunch

Ask any serious, long term investor on the type of company he or she would like to invest and you will almost always hear something along the following lines – A high quality company with sustainable competitive advantage (aka Moat) and long term growth prospects, available at a cheap or reasonable price

So what’s wrong with the above statement? It’s almost a truism and a guarantee of great results ....

This is a long post and I am trying out a new approach. Instead of posting the entire post with all the headache around the formatting, I have converted it into a pdf. please download this post from below

The search for a free lunch

-------------------------------------------------------------------------------------------------------------------------------Stocks discussed in this post are for educational purpose only and not recommendations to buy or sell. Please contact a certified investment adviser for your investment decisions. Please read disclaimer towards the end of blog.