E14# The Importance of Economic Moats

“Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.” - Warren Buffet

Stock Investing gets exciting with changing times, but it tends to get tougher too. Especially today, when the disruptive forces are leading to rapid changes in the index constituents and powerhouses of yesterday are being reduced to a fraction of their past glories. The few that have survived the onslaught of technology and innovation, deserve a whole pod on them and the secrets behind their magic.

Few resources discussed -

Understanding Michael Porter - Joan Magretta

Harvard Business Review Video on the Five Forces