{"version":1,"type":"rich","provider_name":"Libsyn","provider_url":"https:\/\/www.libsyn.com","height":90,"width":600,"title":"Moat\u00a0Investing Nuances\u00a0\u2013 Pat Dorsey (EP.509)","description":"Pat Dorsey is the Founder of Dorsey Asset&amp;nbsp;Management,&amp;nbsp;a&amp;nbsp;$1.7&amp;nbsp;billion&amp;nbsp;global&amp;nbsp;public&amp;nbsp;equity manager&amp;nbsp;focused on&amp;nbsp;companies with&amp;nbsp;competitive advantages and long investment runways.&amp;nbsp;Pat created Morningstar\u2019s moat&amp;nbsp;research framework&amp;nbsp;and led its equity research efforts&amp;nbsp;for a dozen years&amp;nbsp;before launching&amp;nbsp;his firm&amp;nbsp;in&amp;nbsp;2014.  Our conversation covers&amp;nbsp;the nuances&amp;nbsp;of&amp;nbsp;investing in businesses with wide moats&amp;nbsp;across&amp;nbsp;quantitative analysis,&amp;nbsp;switching costs,&amp;nbsp;network effects, brands,&amp;nbsp;management,&amp;nbsp;alignment,&amp;nbsp;capital allocation, and reinvestment runways.&amp;nbsp;We then turn to Pat\u2019s application of moat analysis to his investing, including&amp;nbsp;concentration,&amp;nbsp;global scope,&amp;nbsp;position sizing,&amp;nbsp;decision&amp;nbsp;making, and lessons learned.  Any\u202fleader should see for themselves the benefits of elite coaching. Try ALEX: tryalex.admiredleadership.com.   Learn More Follow Ted on Twitter at @tseides or LinkedIn Subscribe to the mailing list Access Transcript with Premium Membership &amp;nbsp; Editing and post-production work for this episode was provided by The Podcast Consultant (\u2060https:\/\/thepodcastconsultant.com\u2060) ","author_name":"Capital Allocators \u2013 Inside the Institutional Investment Industry","author_url":"https:\/\/capitalallocators.com","html":"<iframe title=\"Libsyn Player\" style=\"border: none\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/41945390\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/forward\/render-playlist\/no\/custom-color\/88AA3C\/\" height=\"90\" width=\"600\" scrolling=\"no\"  allowfullscreen webkitallowfullscreen mozallowfullscreen oallowfullscreen msallowfullscreen><\/iframe>","thumbnail_url":"https:\/\/assets.libsyn.com\/secure\/content\/203818460"}