In a post last week entitled The Freight Train That Is Android, Benchmark Capital General Partner Bill Gurly explains the unprecedented success of Android as a defense, or "moat" around Google's (GOOG) castle.
One of Warren Buffet's most famous quotes is that, "In business, I look for economic castles protected by unbreachable 'moats'." An "economic castle" is a great business, and the "unbreachable moat" is the strategy or market dynamic that heightens the barriers-to-entry and makes it difficult or ideally impossible to compete with, or gain access to, the economic castle. . .
For Google, the economic castle is clearly the search business, augmented by its amazing AdWords monetization framework.
The post is spot on in almost every sense. But I have one issue... More
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