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The Economic Moat as a Core Investment Thesis
In this briefing, we explore the microeconomic principles of competitive advantage, outlining how to identify enduring economic moats.
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Dan Hutner Sr.
Founder & Managing DirectorOver 35 years of investment management experience. Founded Hutner Capital Management in 1995 to manage family portfolios with a focus on enduring economic moats.
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Investment Philosophy May 15, 2026
The Economic Moat as a Core Investment Thesis
In this briefing, we explore the microeconomic principles of competitive advantage, outlining how to identify enduring economic moats.
Firm Perspective Feb 19, 2026
A Letter from Manchester — Investing Away from the Noise
Why we manage capital from a village in Vermont rather than a tower in Manhattan, and what distance from the consensus is actually worth.