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by caminante
126 days ago
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The discussion here is going sideways, and I blame the underwhelming blog post. Having money is NOT an economic moat-- i.e., a durable, structural competitive advantage. He overlooks broader, true definition of moat attributes like labor supply, infrastructure, PP&E, brand, network, natural monopolies, switching costs, regulation. These don't go away with commoditized CRUD apps. And quoting someone with decades of experience implying that things are hard now and innovation didn't turn over industries in the last 25+ years is a joke. |
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