Bloomberg Businessweek on Bloomberg Radio | March 22, 2019
Charlie Bobrinskoy discusses why Tiffany is a great company, but not always a great stock.
In this broadcast replay, Charles Bobrinskoy discusses the market and economy generally, as well as a specific stock that was, and may still be, held in the Ariel Appreciation Fund. The information contained in the replay is not guaranteed as to its accuracy or completeness. The information and opinions contained in the replay were current as of the date of the interview but are subject to change. The information provided does not provide information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security.
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An economic moat is a perceived competitive advantage that acts as a barrier to entry for other companies in the same industry. This perceived advantage cannot protect investors from the volatility associated with stocks, incorrect assumptions or estimations, declining fundamentals or external forces.