Economic Moat
A structural defence - switching costs, network effects, scale, brand, licence - that keeps a business's high returns on capital from being competed away. The test is empirical: returns that stayed high through repeated, well-funded attack. If durability depends on managerial brilliance rather than structure, it is not a moat.
6 books · 4 people behind it · 4 resources
Start here
- The Little Book That Builds WealthPat Dorsey, 2008
- 7 Powers: The Foundations of Business StrategyHamilton Helmer, 2016
- Competitive StrategyMichael E. Porter, 1980
The people behind it 4
Each person holds a book in this entry or names it in their own tags.
Investors 2
Strategists 2
Resources 4
- Measuring the MoatMichael J. Mauboussin · paper · A structured method for assessing competitive advantage.
- Competitive Advantage PeriodMichael J. Mauboussin · paper · How long excess returns can plausibly last.
- Market ShareMichael J. Mauboussin · paper · Scale, share and the economics that follow from them.
- Why Competitive Advantages DieMorgan Housel · essay · How success itself erodes the edge that produced it.
Books 6
Clayton M. Christensen · 1997
Jim CollinsMohnish PabraiAaron LevieAndrew ChenAndrew GroveBen HorowitzBill GurleyBrant CooperBrett AdcockCaterina FakeChris DixonDrew HoustonEv WilliamsFred SchebestaGuy KawasakiJeff BezosJensen HuangKevin KellyMarc AndreessenMarc BenioffMark CubanMax LevchinMichael BloombergNir EyalPaul GrahamReid HoffmanRyan HooverSophie BakalarSteve JobsTim O’Reilly
