First of all, yes, I am alive. Some of you have noticed that I haven’t posted anything in months. To be frank, work and real life things have taken much of my time and I haven’t really been focused on writing.
I’m here today because something has irked me. I received an email recently criticizing the tone and content of some of my posts. This person stated that I “put people down” instead of “building people up” because I criticize. Hmmm.
Let me say this first: nobody makes you read my site (though it’d be great if they could…). You come here out of choice because you think I’m crazy and need a laugh or because you’re interested in what I have to say (may whatever deity bless you all).
Moats, in the historical sense, protect castles. But if you build a moat around your business and industry, then you’re protecting your business thesis. The larger the moat, the larger your competitive advantage is. Find companies with wide economic moats and take a good hard look at investing in them! After all, if it’s incredibly difficult for someone to compete with you, then you can’t lose market share.
Let’s get this out of the way and define what a “wide economic moat” is via Investopedia.com:
“A type of sustainable competitive advantage that a business possesses that makes it difficult for rivals to wear down its market share and profit. The term is derived from the water filled moats that surrounded medieval castles. The wider the moat, the more difficult it would be for an invader to reach the castle.”
I said it. Warren Buffett is a corporate raider, but he’s a cuddly, grandpa-esque corporate raider. He is a vulture, but he speaks like a canary. He is ruthless, but ruthless in the way we fondly recall George Washington (brush up on your history folks!).
Gordon Gekko, for those of you living under a rock, is the famous antagonist (or protagonist, depending on who ask) from the famous movie “Wall Street.” After all, in the famous words of this wise man:
“The point is ladies and gentlemen that greed, for lack of a better word, is good.”
Facing the prospect of losing your job is terrifying. If the economy is tanking and your employer has announced job cuts, your first (and natural) thought is selfish: “Am I being cut?” It’s rational to think of oneself first!
What if your company is being acquired? The chances of keeping your job can be 1% to 99% and chances are that you don’t know what your odds are! If your company is being sold for assets (and not as a platform) then you’re likely in trouble. But what if you’re being sold as a platform? Do you still update the ol’ resume and get LinkedIn Premium ASAP?
Changing jobs is terrifying, but we all do it, all the time. We succumb to the fact that the “grass is greener on the other side,” but have you ever asked yourself key questions before changing jobs? “Is this job right for me?” is not the only thing you should ask!
People aren’t happy – they’re switching jobs all the time! Even the more risk averse generation born between 1957 and 1964 held, on average, 11 jobs by the time they were 44 years old according to the BLS. That seems like a lot, but is it really? A 2013 poll found that a whopping 80% of people in their 20’s want to change jobs! Seems like people really aren’t happy (only 14% responded saying they were in their perfect job across all age groups), so the logical choice is to move on! But the hard part is making sure the place you’re moving to, is not only more promising, but also a better fit.