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RE: Musk vs Buffett: Innovation vs Moat Building - Who wins?
Buffett and Musk are great at totally different industries/strategies. Elon can call moats lame but Berkshire still has about 20% compounded returns over 50 years now and has become the number two Fortune 500 company currently.
Steemit does have a good moat via the blog aspect, but there still seems to be a breakout moment waiting to happen. I'm bullish long term but it all boils down to simply assuming more people and more money will move into Steemit in the future. I can't really make educated projections on how many humans will start using Steemit, so it does have a speculative element to it insofar as betting on a trend.
I always love to see posts about Buffett here, cheers!
very useful article dear @thefinanceguy
I think both investments can be applied to Steemit.
Being the first decentralized social media, like Bitcoin being the first crypto, will build that moat against other decentralized social media platforms that will emerge and create that value. When the masses wakes up and searches for a crypto-based social media platform, the first thing that will pop out from their search fields will be Steemit. Unless, Facebook decides to share their wealth with the blockchain/crypto that they are developing right now, then that's something else.
Being that this platform is very new, it has that edge in innovation as well. I think that crowd development will also have an advantage in innovation.
Being first gives that lasting perception of being the best. Being a new tech gives it a lot of room for innovation.