Moats

XKCD’s Randall Munroe on his new book How To and the joys of using science to build lava moats

XKCD author Randall Munroe is no stranger to answering strange science questions, but his latest book, How To: Absurd Scientific Advice for Common Real-World Problems, might be his most practical science guide yet. How To, which hits stores today, is a quasi-sequel to Munroe’s book What If?: Serious Scientific Answers to Absurd Hypothetical Questions, which […]

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Economic Moats: Who Has Them? And How Do You Get One?

The concept of “economic moats” came from a 1999 Fortune article by Warren Buffett: The key to investing is [. . .] determining the competitive advantage of any given company and, above all, the durability of that advantage. The products or services that have wide, sustainable moats around them are the ones that deliver rewards