Does This Top Warren Buffett Stock Have the Widest Moat in Payments?
Buying and holding businesses with durable competitive advantages has worked well for the Oracle of Omaha.
Overview
While the investing philosophy was different earlier in his career, Warren Buffett popularized the concept of an economic moat in recent decades. This characteristic highlights the presence of durable competitive advantages. Businesses that possess this are a rare bunch.
In the world of financial services, American Express (NYSE: AXP) certainly fits the bill. But does this top Warren Buffett stock have the widest moat in payments? Here's what investors should know.
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Source
Originally published at www.fool.com.
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