Warren Buffett loves investing in companies that have wide moats. Moats are a company's competitive advantages. A great example of a business that had a wide moat is See's Candies. Warren Buffett purchased See's Candies in the 1970's. Since then, the business has generated a ton of cash for Warren Buffett. Check out this episode to learn about moats and why See's Candies was such a good investment.