Muhtar Kent was named CEO of Coca Cola in 2008 and was recently named Chairman of the Board of Directors. I have not had an opportunity to listen to Mr. Kent speak about the company in the past and found his comments on Coca Cola’s future prospects and general economic conditions quite interesting. Read this article for more information and a video of Mr. Kent.
In recent weeks, I have written about a number of different investment approaches along with my attempt to leverage the best ideas that have already been put into practice. This is precisely what Berkshire Hathaway Vice Chairman Charlie Munger recommended when he was quoted in Robert Hagstrom’s Investing: The Last Liberal Art. Essentially, Munger is recommending that investors take the best that leading experts in many fields have come up with in an attempt to increase your overall level of “worldly wisdom”. Let’s examine this concept as it related to building economic moats.