Week #40 2020
The importance of a moat in tech stocks
Technology companies and startups can be very good plays in uncertain times. I am a firm believer of the Silicon Valley mantra “Software will eat the world” famously said by Ben Horowitz in 2011. Furthermore, AI and other revolutionary tech will have its share at the pie. But there are clear differences in these companies and what another famous investor Buffet likes to say is that he doesn’t buy companies without a moat. But what is a moat in this context?