How Big is Your Moat?

Warren Buffet introduced this investing concept about a decade ago.  When someone thinks of a moat, they typically picture a big water-filled ditch used to protect a castle. The wider the moat, the easier it is to protect the castle from invading armies. The narrower...

What Business Are You In?

This is a simple, but profound question. It’s often a helpful question to ask when thinking about value and pricing for an existing or new offering. If you’re in a business that has historically sold products and is technically orientated, many people will answer that...