I will start to piece together this blog by chipping away at terms and definitions in order to gain greater understanding and clarity. "Wide Moat" is a financial term I first saw on the front page of the Morning Star website. Although I like the term in principle, I am against the whole invader and castle building metaphor idea. My initial thought when seeing the term, is that a particular business has the foresight to build a structure which allows it to compete in a market over the long term. True, there are competitors and other agents which create threats to a business, yet the attitude in addressing these competitive threats can take on different approaches.
Let's take a look at the game of golf for instance. It is a game/sport that relies on athleticism, balanced emotions, and an astute understanding of the rules and conduct in order to be one of the best in the game. Without all of these facets working together, one can only achieve limited success as a competitive golfer. Your fellow golfers are your competition, yet the competition is often viewed as a "resistant" collaborator and someone who can make your game better.
In short, wide moat suggests a distance between oneself and the competition. Putting up barriers to keep out the competitors. I am somewhat at odds with that idea. We can talk more about it moving forward. Here is a link to a wide moat conference by valueconferences that recently took place at the end of June 2016. You can sign up online to watch the whole conference for $449.00.
Yo! valueconferences, I see almost all white dudes and men in general speaking at this conference. How about including more people of color and women! Let's diversify that portfolio!
Let's take a look at the game of golf for instance. It is a game/sport that relies on athleticism, balanced emotions, and an astute understanding of the rules and conduct in order to be one of the best in the game. Without all of these facets working together, one can only achieve limited success as a competitive golfer. Your fellow golfers are your competition, yet the competition is often viewed as a "resistant" collaborator and someone who can make your game better.
In short, wide moat suggests a distance between oneself and the competition. Putting up barriers to keep out the competitors. I am somewhat at odds with that idea. We can talk more about it moving forward. Here is a link to a wide moat conference by valueconferences that recently took place at the end of June 2016. You can sign up online to watch the whole conference for $449.00.
Yo! valueconferences, I see almost all white dudes and men in general speaking at this conference. How about including more people of color and women! Let's diversify that portfolio!
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