Second in a series.
Here’s one of four core principles for today’s media market: these days, talk is cheap.
It’s a simple idea. Take a lesson from Uncle Buffett and his acolytes at Morningstar: your castle is only as good as its moat. If others can easily invade your market, it’s a bad business.
Expressing an interesting opinion is relatively easy. It requires intelligence and skill, but not a lot of work or time. Yesterday, therefore, it was doled out as a reward to people who had already put in lots of work and time.
