entrepreneursEn 2018-03-05 18:38:14

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.

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