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This partially explains why Berkshire Hathaway is now largest stock holder in Apple. They prefer companies with 'moat'. Ability to innovate is unpredictable.
by Nokinside 8y ago
This partially explains why Berkshire Hathaway is now largest stock holder in Apple. They prefer companies with 'moat'. Ability to innovate is unpredictable.
- lisper 8y agoOf course they do. Moats are great for investors. Not so great for consumers.
- toasterlovin 8y agoDepends on the company. Moats extract additional value from customers. I think Google, Apple, and Amazon are all examples of companies that use that extra value to invest in innovation (benefitting customers in the end). Comcast is a great example of a company that doesn’t.