Narrow Moat

Narrow Moat
A slight competitive advantage that one company enjoys over competing firms operating in the same or similar type of industry. A narrow moat is still an advantage for a company, but it is one that only provides a limited amount of economic benefit and will typically last for only a relatively short period of time before competition marginalizes its importance.

The phrase "economic moat" was coined by legendary investor Warren Buffett. This phrase has since been refined to differentiate between "wide moats" and "narrow moats". Wide economic moats offer substantial economic benefits and are expected to endure for a prolonged period of time, while narrow moats offer more modest economic benefits and typically last for a shorter period of time.


Investment dictionary. . 2012.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • moat — Ditch Ditch (?; 224), n.; pl. {Ditches}. [OE. dich, orig. the same word as dik. See {Dike}.] 1. A trench made in the earth by digging, particularly a trench for draining wet land, for guarding or fencing inclosures, or for preventing an approach… …   The Collaborative International Dictionary of English

  • Pontvolant — Pont vo*lant (?; F. ?), n. [F. pont bridge + volant flying.] (Mil.) A kind of light bridge, used in sieges, for surprising a post or outwork which has but a narrow moat; a flying bridge. [1913 Webster] …   The Collaborative International Dictionary of English

  • Beijing city fortifications — The city wall of Beijing was a fortification built around 1435. It was 23.5 km long. The thickness at ground level was 20m and the top 12m. The wall was 15m high, and it had nine gates. This wall stood for nearly 530 years, but in 1965 it was… …   Wikipedia

  • Castle — This article is about medieval fortifications. For other uses, see Castle (disambiguation). For a list of all castles, see List of castles. For similar but unrelated structures in Japan, see Japanese castle …   Wikipedia

  • World of A Song of Ice and Fire — Westeros and across the narrow sea A Song of Ice and Fire location Creator George R. R. Martin Genre Novel Type Fantasy world …   Wikipedia

  • Strongholds of A Song of Ice and Fire — Much of the action in George R.R. Martin s epic fantasy series A Song of Ice and Fire takes place in and around various strongholds of note on the continent of Westeros. The strongholds of Westeros can be broken into three general categories:*… …   Wikipedia

  • WAR AND WARFARE — TO THE DESTRUCTION OF THE FIRST TEMPLE The methods of offensive and defensive warfare developed side by side in the Ancient Near East. The development of weapons was dependent upon the supply of raw materials, such as stone, metal, and wood; the… …   Encyclopedia of Judaism

  • Westeros — is one of the three continents described in George R. R. Martin s fantasy series A Song of Ice and Fire . It is loosely based on medieval Europe. WorldGeographyThe story of A Song of Ice and Fire takes place mainly on the continent of Westeros.… …   Wikipedia

  • Chaves (Portugal) — Infobox Municipality pt official name = Chaves image coat of arms = CHV.png Region=Norte Subregion=Alto Trás os Montes District = Vila Real Mayor name = João Gonçalves Baptista Mayor party = PSD area total = 591.3 population total = 44,186… …   Wikipedia

  • Orcus (Dungeons & Dragons) — Orcus Game background Title(s) Prince of the Undead, Prince of Undeath, The Blood Lord Home plane Abyss Power level Demon lord Alignment …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”