Invert, always invertpic.twitter.com/WnMik5uXyP
Learning about moats won’t teach you the first thing about how to build a good business, but it will teach you a lot about how to not build a terrible business.
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Solid observation. Moat is not how you build a good business, it’s what happens once the business has been built. You can’t build someone else’s moat, it’s an effect not a cause.
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Could you give me an article? I'd like to learn about this "moats" term
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Moats work best for oligopolies. Other businesses are better suited focusing on the customer, innovation and filling a niche.
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Which is at times much more important.
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