How to invest like a Dragon

The millionaires on TV's Dragons' Den look for businesses that have a broad 'economic moat'. But what it is it, and how do you use it to spot a good investment opportunity? Bengt Saelensminde explains, and picks one stock with a real economic moat.

I'm a big fan of Dragons' Den. And I'm really looking forward to its return towards the end of the summer.

I think the show brings to life a key issue investors face every day. It's called: 'the economic moat.' And it's a critical factor in recognising any great investment story.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up

Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.