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REDDIT

Is the anti-competitiveness of moats an issue for markets?

W
May 19, 2025 · 01:07

Moats cover a range of strategies that make it difficult to compete from patents to brand recognition to size. Some are inextricably tied to any functioning market but others are choices we have made about market rules. The concentration of value in the US stock market has been notable with moats perhaps contributing. Would investors be better off with less moats and more competition?