August 6, 2017
This week is all about moats. Warren Buffett has popularized the term which is now commonplace in business analysis (and a hallmark of a sustainable business). It’s a great metaphor to describe a business’ competitive advantage – you can easily visualize how much a business needs to worry (or not) about invaders. For FinTech, it’s the question of the incumbents’ moats that makes following the space so interesting. Nobody's quite sure these days. Branches are dying, aren't they? Challenger banks are coming! (But can they make money?) Regulation (a moat). Oh, and blockchain.