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Moat
Definition
A durable advantage that makes a business hard to copy or compete with.
In Plain English
A moat is like protection around a castle.
Real-World Example
A company may claim a moat from proprietary data, network effects, brand, or distribution.
Why It Matters for Your Work
Moats matter to investors because easy-to-copy products face pricing and competition pressure.
Common Mistake
Calling any feature a moat. A real moat must be hard for competitors to reproduce.