MOAT Stories

MOAT Stories

Quarterly cheat sheet billionaires can’t hide

How to read 13F filings like the investors who actually file them.

Adi Oran's avatar
Adi Oran
Nov 14, 2025
∙ Paid

Dear Investor,

You hold the same public documents as Warren Buffett and Bill Ackman. You just don’t wring the conviction out of them yet. That ends after this letter.

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