Choosing a direction that requires long-term accumulation, is difficult to verify in the short term, but will have enormous future value is essentially using time to eliminate competitors. Difficulty itself is not a moat; the real moat is the ability to withstand long-term uncertainty.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned