Canadian-domiciled exchange-traded funds holding wide moat stocks that have outperformed peers.At the risk of belabouring the well-known advice to “play the long game” when investing, readers are reminded that this year’s dismal returns on equities, while not pleasant, are also not unique. My colleague, Dr. Paul Kaplan, exemplified this through his study of past bear markets in various countries around the world.
The network effect occurs when the value of a good or service increases for both new and existing users as more people use that good or service. A company with a cost advantage can produce goods or services at a lower cost, allowing them to undercut their competitors or achieve higher profitability.
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