Nancy

Hi, I’m Nancy — an independent investor, web developer, and creator of Moat Thesis, a research and education site for long-term investors.

I build websites and digital experiences, and study businesses through the lens of economic moats, business quality, and long-term durability. Through Moat Thesis, I share evidence-based research on how companies make money, where their advantages come from, and what could weaken them.

I don’t make stock recommendations or offer paid investment opinions. My work is for research and educational purposes only.

Website: https://moatthesis.com/
Research: https://moatthesis.com/companies/

Outside of investing, I enjoy building creative tools out of personal curiosity. I created Image Outline Maker, a simple tool for adding custom outlines to transparent images, and AI Sticker Maker, which turns photos or text prompts into personalized stickers and matching reaction packs. These passion projects let me explore design, experiment with technology, and turn ideas into useful tools for others.