Buffett looks for companies with a strong economic moat from "summary" of The Warren Buffett Portfolio by Robert G. Hagstrom
Warren Buffett has a unique approach to investing in companies. He seeks out businesses that have a competitive advantage, or what he calls a "strong economic moat." This concept is central to his investment strategy. When Buffett talks about a strong economic moat, he is referring to the competitive advantages that allow a company to maintain its profitability and fend off competition. These advantages come in various forms, such as brand recognition, economies of scale, patents, regulatory barriers, or high switching costs for customers. Companies with a strong economic moat...
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