found this article on Michael Mauboussin’s website. Absolutely fantastic article. Extremely helpful in developing a framework for evaluating a companies competitive advantage.
http://www.capatcolumbia.com/Articles/measuringthemoat.pdf

In addition , micheal has published this new article on the legg mason website. A must read !!

http://www.leggmason.com/funds/knowledge/mauboussin/Aver_and_Aversion.pdf

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