Fancy-Pants wasn't truly the most dignified name, but with his fluffy legs and short tail, there was no other name his humans could find more joy from.
As long as they treated him as fancy as they deemed. And they did.
Meals on the dot, a fresh waterfall to drink from, myriad toys, window access with birds to watch, and of course, many places to nap.
Visitors called him a spoiled prince.
Ridiculous! Princes wished they had it this good.
#WarrenBuffett pioneered the use of this term, and now it's all but mandatory for anyone launching a business or new product to explain where *their* moat will come from.
As #DanDavies writes, these "moats" aren't really moats in the Buffett sense. With Coke and Disney, he says, a "moat" was "the fact that nobody else could make such a great product that everyone wanted." In other words, "making a good product," is a great moat:
https://backofmind.substack.com/p/stuck-in-the-moat
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