Hints and tips:
...credit rating cliffs exist today as moats around otherwise reasonable M&A deals that aren’t predominantly equity-financed....
...The second point is harder to judge, as valuation data is published less frequently....
...The 2009 expenses scandal figured only indirectly in the following general election: the voters whose MP had claimed £2,200 to clean his moat duly elected another Conservative, on an increased majority....
...But could it be that today the very things the market judges as the most boring and dependable of them all will pose the greatest threat to investors’ wealth over the next decade?...
...If Cfius kills this deal before it is even struck, a much broader array of companies will sense a new protective moat and shareholders’ acquisition premiums will evaporate. Tom Braithwaite Lex writer...
...A judge ruled on Monday that, pending a trial, Uber must not use the 14,000 files downloaded by Mr Levandowski and that he must not work on Lidar, a key technology for self-driving cars....
...“Maybe they’ll say we’ll need a moat. Or alligators in the moat,” he said....
...Each side has appealed to the past as though it were a tribunal of judges who would rule definitively on who had the best arguments....
...Is it simply part of a national habit in which politicians, newsreaders, sports pundits and X-factor judges parade their poppies as though part of a mandatory uniform? Are they (whisper it) stylish?...
...The ground floor was to be an open loggia, so designed that the building would appear to float over the garden and the surrounding moats....
...To judge by the numbers, the strategy appears to be working. For the first time in a century, Chrysler, one of Motown’s Big Three, has opened an office in Detroit....
...Warren Buffett is famously averse to technology investments because of their unpredictability, and the consumer internet has the shallowest moat of all....
...If one were to judge on the basis of the rhetoric that has been flying around Europe this week, Mr Feldstein’s statement now looks prophetic....
...Labour will instead take action against any errant MP it judges to have brought the party into disrepute, as its internal procedures allow....
...A remarkable number of the questionable claims by Conservative MPs, the landed gentry, as it were, were devoted to their gardens, houses for ducks, cleaning moats and servants; Labour MPs seemed more into...
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