Stockopedia Interviews Ensemble Analyst Todd Wenning About Moats

16 November 2018 | by Todd Wenning, CFA

Earlier this summer in New York City, I met up with Ben Hobson from Stockopedia, a U.K.-based stock market data subscription service designed for retail investors. Ben was in the States interviewing various investors and he and I spoke at length about economic moats – a subject near and dear to us at Ensemble.

Among other things, we discussed the dangers of investing in dividend-paying stocks with deteriorating moats, the increasing difficulty of screening for moats, and the intersection of moats and management.

Ben recently published a transcript of our conversation, which you can find here. Free registration may be required to read the article.


While we do not accept public comments on this blog for compliance reasons, we encourage readers to contact us with their thoughts.

The information contained in this post represents Ensemble Capital Management’s general opinions and should not be construed as personalized or individualized investment, financial, tax, legal, or other advice. No advisor/client relationship is created by your access of this site. Past performance is no guarantee of future results. All investments in securities carry risks, including the risk of losing one’s entire investment. If a security discussed in this blog entry is owned by clients invested in Ensemble Capital’s core equity strategy you will find a disclosure regarding the security held above. If reviewing this blog entry after its original post date, please refer to our current 13F filing or contact us for a current or past copy of such filing. Each quarter we file a 13F report of holdings, which discloses all of our reportable client holdings. Ensemble Capital is a discretionary investment manager and does not make “recommendations” of securities. Nothing contained within this post (including any content we link to or other 3rd party content) constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or other financial instrument. Ensemble Capital employees and related persons may hold positions or other interests in the securities mentioned herein. Employees and related persons trade for their own accounts on the basis of their personal investment goals and financial circumstances.