Businesses with big MOATs
A business MOAT is a competitive advantage. How difficult is it for another business to come along and displace the current business, by building a better mouse trap?
The larger the business MOAT the bigger marketshare the business will have. The easier it will be to acquire customers. In theory, the larger the MOAT the more longevity a business has.
There are really only 2 major aircraft manufacturers: Boeing and Airbus.
Think of all the resources you would need to create a new aircraft manufacturer. Money, Labor, Patents, Supplies or relationships with suppliers, facilities, Buyers or relationships with airplane buyers.
Synonym for 'search'.
There are other search engines, but Google has somehow captured everyone's attention.
Apple does not play well with others.
Once you start putting your data into an iPhone like buying music and apps, consumers do not want to switch.
They also have iconic retail stores that gives them an edge over other electronic manufacturers.
Their logistics network is unrivaled.
The number and scale of their physical locations would be hard for another business to replicate. Hence, most people get their groceries at Walmart.
The power of Microsoft is B2B.
Every large business is using windows. Many businesses are using Azure and SQL Server. This business is not going anywhere.
7. Berkshire Hathaway
Insurance, Railroads, Oil and Investments. Cash machine.
Making computer chips is difficult.
You need a lot of resources. Facilities, robots, labor. Intel has been doing this a long time. They have a lot of patents. They have a lot of customer relationships.
It would take a lot of work to replicate this type of business.
10. Phillip Morris
Cigarettes are a lighting rod.
They are heavily regulated. The government wants to outlaw them all together.
New products/companies will be heavily scrutinized. PM also has a global scale that would be difficult to replicate.
11. Lockheed Martin
Manufacturing. Government security clearance. Patents. Aerospace engineering. Defense department contracts. Global network of governments.
This business has an infinite number of barrier to entry.