Once upon a time the Acropolis of Athens was a formidable “moat”. Today it’s a relic of past glories. A good reminder that competitive advantages in investing fade over time. (Those specks you can barely see along the top of the wall are people...)
Once upon a time the Acropolis of Athens was a formidable “moat”. Today it’s a relic of past glories. A good reminder that competitive advantages in investing fade over time. (Those specks you can barely see along the top of the wall are people...)