The field of dreams in Internet 2.0

Yesterday, I was biking downtown in DC on the road near the Watergate that leads to the Lincoln Memorial. It was a picturesque day here with blue skies and low humidity - a perfect day for a bike ride. But as I passed these two landmarks, I had to be quite careful because of the Bird and Lime e-scooters left in the middle of the bike path.

And when I read about Uber's plan to shift focus into these businesses, I wondered what these companies' competitive advantage was.
The moats of Warren Buffett
It was back in 1999 when Warren Buffett was doing a Fortune interview that this term 'economic moat' came into the market lexicon.
"The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of ...


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