Rent Seeking Vs. Moat Creation
findthemoat I’m currently reading How Asia Works by James Studwell – a sequel of sorts to Asian Godfathers (another brilliant book). It was listed by Bill Gates as one of his…
Charlie Munger on identifying moats
At the Daily Journal Corporation shareholder meeting, Charlie Munger was asked this question – “What is the least talked about or most misunderstood moat?” Charlie’s response was: “You basically want…