A moat gets built accidentally in a small sliver of businesses that survive long-term competitive pressure; founders often didn't expect their businesses would develop as durable a moat as they eventually did, making moat-building unpredictable and rare.
factualpending
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Monish PabraiEvidence Quote
“In a very small sliver of businesses accidentally a moat gets built... these were businesses that started with no moats. The founders themselves did not expect... they become.”
Created: 8/12/2026, 6:21:10 PM
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