Warren Buffett often talks about the importance of business’ building a “moat” (barriers to entry). This is analogous to building higher and higher walls during medieval times to prevent enemies (upstarts and competitors) from invading.
"I am Still Learning" - Michelangelo
Warren Buffett often talks about the importance of business’ building a “moat” (barriers to entry). This is analogous to building higher and higher walls during medieval times to prevent enemies (upstarts and competitors) from invading.