Charlie Munger Moats Quotations

In fact I've probably never seen such a wide moat.

How do you compete against a true fanatic? You can only try to build the best possible moat and continuously attempt to widen it.

Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.