Economic Moats: Who Has Them? And How Do You Get One?
ConversionXL
APRIL 24, 2019
A mid-season trade for a player in the final year of a contract provides a short-term roster boost. But it delivers year after year of new talent—talent that’s under contract for years to come. When told of Musk’s comment’s, Buffett acknowledged that technological change has made moats more vulnerable but not irrelevant.
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