entrepreneursEn 2018-03-05 18:38:14
206

Economic Moats the competitive advantage of Buffet

#business #value #competitiveAdvantage #moats


In this video Warren Buffet compares the Business with a Castle and the competitive advantage of the business with a Moat.


Some of the things Buffet talks are:


  • In capitalism when you have a wonderful business it's like having an economic castle and the nature of capitalism is that people want to come in and take your castle.
  • What you need is  a castle that has some durable competitive advantage some castle that has a moat around it.
  • We are looking for institutionalized value.




Highly recommendable for any entrepreneur:


https://www.youtube.com/watch?v=2sGybc-qZQc