What stands out to me is how moats don’t just defend margins—they protect the compounding runway. Without them, even good businesses eventually face mean reversion.
Which moat source do you personally find most durable over decades: brand, network effects, or switching costs?
BIG DATA CONTENT OWNER:
GLOBAL E-COMMERCE POSSEING SUPLPLY, LOGISTIC, CONSUMER, PAYMENT STATISTIC ON BEHAVIOUR PETTERN DATAS.
The data in the graphs is four years old or older. Did you recycle a classic?
Great breakdown.
What stands out to me is how moats don’t just defend margins—they protect the compounding runway. Without them, even good businesses eventually face mean reversion.
Which moat source do you personally find most durable over decades: brand, network effects, or switching costs?
https://open.substack.com/pub/absolutetoal/p/moat-on-assettotal-moat-competitive?utm_source=share&utm_medium=android&r=5g11d4