“If you don’t read the newspaper, you are uninformed. If you do read the newspaper, you are misinformed.” –Mark Twain
I stayed up all night playing poker with tarot cards. I got a full house and four people died. –Steven Wright
These notes should supplement your reading of Competition Demystified and your case study on Wal-Mart (in Value Vault).
A book on moats and investing
Moats and filters: http://www.lulu.com/spotlight/4filters Neither have I read nor recommend the material on the web-site but I do want you to be aware of the book.