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The value investor Mohnish Pabrai once talked about his observation that most companies with a moat pretend they don’t have one and companies without pretend th
by huijzer 1y ago
The value investor Mohnish Pabrai once talked about his observation that most companies with a moat pretend they don’t have one and companies without pretend they do.
- Takennickname 1y agoI don't know how I feel about a tech bro being credit for an idea like this. This is originally from The Art of War.
- fakedang 1y agoMohnish isn't a tech bro though, in my books. After selling his company, guy retreated away from the tech scene to get into Buffett-style value investing. And if you read his book, it's about glorifying the small businessmen running motels and garages, who invest bit by bit into the stock market.
- rcxdude 1y agoIt's a specific observation that matches some very general advice from The Art of War, it's not like it's a direct quote from it.
- anshumankmr 1y agoIts quite true. The closest thing to a moat OpenAI has is the memory feature.
- monkeyelite 1y agoA version of this is emphasized in the thielverse as well. Companies in heavy competition try to intersect all their qualities to appear unique. Dominant companies talk about their portfolio of side projects to appear in heavy competition (space flight, ed tech, etc).