What are unnecessary insults a sign of?

Like the pedestrians and pets you sue when you hit them, right? And the car in front of you that slammed on its brakes for no reason?

Let’s be honest, given the difference in speed, you will definitely be the one hitting them and getting sued

Separately, a product that is better than others is a moat, albeit the kind he says he doesn’t invest in because it needs to be constantly rebuilt (he disliked the whole tech industry for this reason). A better product can stay ahead by continuing to improve at the *same* pace as everyone else.

I think Buffett is calling out individual excellence here rather than organizational excellence. If your organization is constantly outperforming competitors without it being mainly one person then I guess that’s a moat. Although others would argue that mere operational excellence is copyable.

I can respect a place that’s completely comfortable with commerce. And then carry my own coat around and use my cellular roaming plan instead of your stupid wifi :)

Be careful what you wish for!

Believe it or not there’s already a standard for this that nobody implements :)

city-states, sorry

Montreal: works, except when you’re at Hurley’s

I don't know, maybe it's just people disagreeing on the nature of moats. We have this discussion at work sometimes. Tailscale's main moat is "it actually works." I don't know how I would have put that into a pitch meeting before we wrote it.

Yeah, I have a hard time understanding the initial claim. Calculators have so much moat! Even today it would be almost impossible to disrupt the market leaders. Even though presumably the patents are expired now I guess.

I would say “predicting” rather than assuming. All of us are predicting future events here. Nothing is predetermined.

On the other hand: honest reporting I guess? :)

Meanwhile, in the Zurich stopover