Each month, we break down topics related to value investing. Have a question? Reach out to us. You’ve brought up the concepts of “moats” and “margin of safety” in multiple Q&A answers. What do these ideas mean exactly? And if I’m looking for a “moat” or trying to verify that an investment has a good “margin of safety,” what should I be looking for exactly? What are some factors that might look like a moat, but aren’t one? What is a moat? Historically, a moat is a body of wate

Each month, we break down topics related to value investing. Have a question? Reach out to us. When buying property to rent out, or even just buying a home to live in, how can we make sure the purchase helps us to generate wealth instead of becoming a load to bear? This is a complicated question, and one that’s closely related to our last Q&A post about investing versus speculation. When someone buys a property as an investment – meaning they intend to rent or sell it at a pr

Each month, we break down topics related to value investing. Have a question? Reach out to us. What makes ‘investing’ different from ‘speculating’? Is it just the amount of risk, or are there other differences? How can I know if what I think is an investment decision is actually speculating? Investing, as I would define it, is something that has a real intellectual underpinning where it's evident that you're making decisions based on facts and data. In other words, you have g