#business #value #competitiveAdvantage #moats #warrenbuffett

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