Stock Investing Lessons: The MOST IMPORTANT Business Trait. Lessons on investing in the stock market. If you want to learn how to invest in stocks, you must study business moats. It's one of the top investing lessons for beginners to learn. Without a moat, a businesses' profits will eventually come under attack. A key investing lesson that we learned the hard way is how to judge a company's competitive advantage. In this investing lecture, Brian Feroldi and Brian Stoffel discuss what is a moat, what is a fake moat, how to spot a real moat and provide examples of companies that have moats. Published on October 3, 2021 Brian Feroldi's mission is "to spread financial wellness." This channel teaches viewers how to master their personal finances and invest better. New videos are posted every week! 🎥 Like this video? Subscribe! https://t.co/1920ji4VL5?amp=1 👏Want to support this channel & get perks?null ✅ Want a copy of my investing checklist? https://gum.co/zWXye 📈How to research stocks from scratch:    • How To Research Stocks From Scratch   ► Recommended Podcasts, Books, YouTube Channels, and more: https://brianferoldi.gumroad.com/l/ZrgMl 🎥 My Youtube setup & equipment: https://www.brianferoldi.com/youtube/ Connect with Brian Feroldi ► https://brianferoldi.com/ 🐦 Twitter: https://twitter.com/BrianFeroldi ► SubStack: https://brianferoldi.substack.com/ 📸 Instagram: https://Instagram.com/long.term.mindset/ Connect With Brian Stoffel: 🐦 Twitter: https://twitter.com/brian_stoffel_ 0:00 intro 0:29 What is a moat? 1:35 Why moats are important 4:28 Fake Moats 6:32 Real Moats 7:06 Network Effect 10:49 Switching Costs 14:08 Low-cost production 16:32 Intangibles 18:51 Counter-Positioning DISCLAIMER: All content on this channel is for discussion, education, entertainment, and illustrative purposes only and should not be construed as professional financial advice, solicitation, or recommendation to buy or sell any securities, notwithstanding anything stated on this channel. There are risks associated with investing in securities. Loss of principal is possible. Past performance is not a predictor of future investment performance. Brian Feroldi and the guests on this channel are not responsible for investment actions taken by viewers. Should you need such advice, consult a licensed financial advisor, legal advisor, or tax advisor. You agree to verify all information yourself before investing. Any past performance discussed during this program is no guarantee of future results. Investing involves risk and possible loss of principal capital; please seek advice from a licensed professional. All views expressed are personal opinions as of the date of recording and are subject to change without the responsibility to update views. No guarantee is given regarding the accuracy of the information on this channel. Releasees undertake no obligation to provide accurate or sound investment statements. You waive any and all duties that may exist flowing from you to any Releasee. You agree not to hold any Releasee liable for any possible claim for damages arising from any decision you make based on information or other content on the Channel. *Some of the links and other products that appear on this video are from companies for which Brian Feroldi will earn an affiliate commission or referral bonus. Brian Feroldi is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date.