CG: Are Competitive Moats Obsolete?
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 8 May 2018
⏱️ 25 minutes
🧾️ Download transcript
Summary
Last week, tech mogul Elon Musk shared his bearish view of competitive moats, spurring a response from Warren Buffett who coined the term 20 years ago. So in this day and age, does frequent innovation hold more value than a wide moat? We tackle that question and more of the Musk-Buffett debate on this episode of Industry Focus.
Transcript
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| 0:00.0 | Welcome to Industry Focus, the podcast it dives into a different sector of the stock market every day. |
| 0:06.4 | It's Tuesday, May 8th, and I'm your host, Vincent Shen. |
| 0:08.9 | Rounding out to cast for today's consumer and retail discussion, we have Senior Motley full contributor Osset Sharma who's beaming into the full HQ studio |
| 0:16.3 | via Skype, hey I said, hope all as well. |
| 0:19.4 | All is great, Vince. You make that sound so technologically advanced. I almost feel like I'm going |
| 0:23.2 | to materialize in the studio that would be cool at some point maybe we'll have you |
| 0:28.4 | hologram into the studio sitting next to me it'll be a much more fun experience that way for me at least. |
| 0:35.0 | Absolutely. |
| 0:36.0 | So I'm going to thank you right off the bat for bringing the main topic of this episode to my attention. |
| 0:41.0 | I hadn't been following this story as much but since |
| 0:45.4 | you brought it up it's come up in the kind of editorial pod and among some of the |
| 0:49.4 | other industry focus hosts they've talked about it So we're reaching outside the consumer and retail sector |
| 0:55.3 | just for inspiration to kind of kick off this conversation. |
| 0:58.6 | And I said, please chime in with any thoughts or color |
| 1:01.1 | you want to add as we walk through some of the background for the show |
| 1:03.9 | and the topic today. But last week Tesla reported its first quarter earnings for 2018 and there |
| 1:09.8 | was of course a call with analysts to go over the latest results and during the |
| 1:14.3 | Q&A portion of that call company founder and CEO Elon Musk he spent a few minutes |
| 1:19.8 | answering typical Wall Street analyst questions before he just lost interest |
| 1:25.6 | and passed the mic to Galileo Russell, who's a follower of the company who runs a technology and investing focused channel on YouTube. |
| 1:36.4 | So at one point during the earnings call, Galileo starts asking about Tesla's supercharger |
| 1:41.3 | network and why the company is open to collaborating with |
... |
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