11 global stocks offering great value right now
At Morningstar we think that buying high quality companies at a discount to intrinsic value is a sound two-pronged approach to investing.
We think that high quality companies – which we will define here as ones that benefit from a durable competitive advantage or Moat – are more likely to appreciate in value over time. This is because the Moat stops other companies from competing away their profits.
Meanwhile, we think that being patient and waiting for a bargain purchase price makes you less dependent on things going perfectly in the future. Because let’s face it, they rarely do. Benjamin Graham christened this as a “margin of safety”.
The following 11 shares – one in each sector – have been assigned a Wide or Narrow Moat…
