Daily Insider: Warren Buffett on how any business can widen its moat.

LATEST ON BIZNEWS RADIO (on iTunes): Meet Dr Jackie Stone, the ‘rogue’ doctor being punished for eradicating Covid-19 in Zimbabwe (Click here for Spotify)

LATEST ON BizNews.com:  

NB: Getting this newsletter second hand? Click here for your own copy. It’s free and takes under a minute.


Much of my 2016 book on How to invest like Warren Buffett is timeless. Mostly because it draws on shareholder letters and comments at AGMs by the Oubaas of Omaha. A lot of it is deeply embedded into my memory.

Including one which I pull out up often: Buffett’s advice on how to create a sustainable, winning business. Sheer genius: “Every day, in countless ways, the competitive position of each of our businesses grows either weaker or stronger. If we are delighting customers, eliminating unnecessary costs and improving our products and services, we gain strength. But if we treat customers with indifference or tolerate bloat, our businesses will wither.

“On a daily basis, the effects of our actions are imperceptible; cumulatively, though, their consequences are enormous. When our long-term position improves as a result of these unnoticeable actions, we describe the phenomenon as ‘widening the moat’.

“Doing that is essential if we are to have the kind of business we want in a decade or two from now. We always hope to earn more money in the short term. But when short-term and long-term conflict, widening the moat must take precedence.” Note to self: get that silk-screened and prominently displayed as a permanent reminder.


WATCH: Q&A with Rob Hersov post “ANC, Voetsek!” speech
After his controversial speech at BNC#4, Rob Hersov answers questions from BizNews founder Alec Hogg and members of the BizNews community.

To receive the Daily Insider every weekday at 6am in your inbox click here. You can also sign up to the weekend’s BizNews Digest for a wrap of the best content BizNews has to offer, for a leisurely Saturday read.

(Visited 228 times, 101 visits today)