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
Measuring the moat – framework for evaluating competitive advantage
M
