economic moat
“economic moat” is a term coined by investor warren buffet. it means how susceptible a company is to compet-tion by other companies. coca-cola and phillip morris (marlboro cigarettes) are companies with wide economic moats because of the popularity and consumer loyalty of their marquee brands. boeing has a narrow but deep economic moat because its 777 and 787 aircraft are not subject to immediate displacement, but companies like airbus and bombardier could play catch-up over the course of several years by developing similar models that would threaten their primacy. that would close the moat.
— “give me an example of a company with a wide economic moat.”
— “the local water company, because no compet-tor can rush right in with a distribution system (pipes).”
— “besides, who else is gonna fill that moat? lol.”
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