Pat Dorsey Explains Economic Moats - Morningstar Video

Morningstar's Pat Dorsey outlines the major competitive advantages that give superior companies the power to stay on top.
For more Pat Dorsey videos, please visit: www.morningstar...

[@Discovery_and_Change]

0:27 Moat (lake, ditch, water) around a castle that protected the castle from barbarians who wanted to plunder the treasure 0:34 All profitable businesses attract competition 0:38 Economic moats protect businesses from the competition who want to move in to their profit pool 0:44 Highly profitable businesses tend to become less profitable as competitors move into the business 0:55 A small number of businesses are able to be highly profitable for decades (Procter & Gamble, Disney, Microsoft, etc.) 1:16 This is possible because of "structural barriers" that companies have enacted 1:24 4 kinds of economic moats: intangible assets, customer switching costs, network effect, cost advantages

[@Tapas2017]

Flow kinds of economic moats: Intangible assets Customer switching costs The network effect Cost advantages

[@platoscavealum902]

▶️ 2:58 ...Network Effect is the most powerful moat: What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX) Platforms Change Structure and Strategy 📺 kzbin.info/www/bejne/m2alaqOcqrulg7c (34 minute video w/ Dr. Marshall Van Alstyne)

[@ummininu416]

Excellent Guy 👍

[@sacplissken]

Great video

[@platoscavealum902]

▶️ 2:58 ...Network Effect is the most powerful moat: What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX) Platforms Change Structure and Strategy 📺 kzbin.info/www/bejne/m2alaqOcqrulg7c (34 minute video w/ Dr. Marshall Van Alstyne)

[@jesusruiz523]

Amazing

[@yalnaabi]

Useful content

[@platoscavealum902]

▶️ 2:58 ...Network Effect is the most powerful moat: What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX) Platforms Change Structure and Strategy 📺 kzbin.info/www/bejne/m2alaqOcqrulg7c (34 minute video w/ Dr. Marshall Van Alstyne)

[@platoscavealum902]

▶️ 2:58 ...Network Effect is the most powerful moat!

[@platoscavealum902]

The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX)

[@platoscavealum902]

Platforms Change Structure and Strategy 📺 kzbin.info/www/bejne/m2alaqOcqrulg7c (34 minute video w/ Dr. Marshall Van Alstyne)

[@vatd112]

interesting

[@platoscavealum902]

▶️ 2:58 ...Network Effect is the most powerful moat: What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX) Platforms Change Structure and Strategy 📺 kzbin.info/www/bejne/m2alaqOcqrulg7c (34 minute video w/ Dr. Marshall Van Alstyne)

[@BrianBolan]

Scale is the only moat. Everything else is fleeting.

[@platoscavealum902]

▶️ 2:58 ...Network Effect is the most powerful moat!

[@platoscavealum902]

What Are Network Effects? 📺 kzbin.info/www/bejne/l6DIkp9poc-hp9k (7 minute video w/ James Currier) The 13 Types of Network Effects 📺 kzbin.info/www/bejne/pXPCf4CVoLFpqK8 (2.5 minute video | NfX) Platforms Change Structure and Strategy 📺 kzbin.info/www/bejne/m2alaqOcqrulg7c (34 minute video w/ Dr. Marshall Van Alstyne)

[@Sakuyushi]

Nokia?