Value / Moat Analogy

Analogies are a great tool for communicating an idea. Below is an interesting letter comparing great businesses with competitive moats to Redwood Trees.

http://www.valuewalk.com/wp-content/uploads/2014/11/East-Coast-Q3-2014-Letter_-Grove-of-Titans.pdf

Book recommendations from article:

Titans – Biography of John D. Rockefeller

Chapters of My Life – Memoir of Frederick Taylor Gates, Advisor to Rockefeller

 

Click to access East-Coast-Q3-2014-Letter_-Grove-of-Titans.pdf

 

Click to access East-Coast-Q3-2014-Letter_-Grove-of-Titans.pdf

Click to access East-Coast-Q3-2014-Letter_-Grove-of-Titans.pdf

Click to access East-Coast-Q3-2014-Letter_-Grove-of-Titans.pdf

Click to access East-Coast-Q3-2014-Letter_-Grove-of-Titans.pdf

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Value / Moat Analogy

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