#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: