The company's scale allows it to provide customers with the widest selection of routes and methods of transportation, while also giving it the ability to hire top talent in logistics consulting. As a result, the company's value proposition is second-to-none in the industry. As a result of its wide moat, C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) earns relatively stable margins — though the industry is subject to some cyclicality. The stock trades at 16.6 times trailing earnings, so investors can expect a 5% to 6% annual return over a long holding period. Although this is not as great as the return one can get from Berkshire Hathaway Inc. (NYSE:BRK.A) or The Coca-Cola Company (NYSE:KO), it is a good return for a great business in an overheated market. Bottom line The current bull market will make you look smart regardless of what you buy, but the eventual correction will make geniuses out of investors who focus on buying great businesses at reasonable prices.