moat
1 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Sep 6, 2023 by Ben Gilbert · across every show →
Everything said about moat, oldest first
Sep 6, 2023
Competitive moats erode and margins compress as total addressable markets become massive
“Every moat only works if the castle is sufficiently small. If the prize at the end of the finish line becomes sufficiently large, you're gonna need a bigger moat, and you need to figure out a you know, how to defend the castle harder.”