Very insightful. Rememberalways invert: how many cases are there where distribution is not really the ultimate moat, but rather secondary, unimportant, or even harmful? Just take Coca-Cola: they don’t sell direct, yet they still have one of the strongest moats ever. Or take Nike: they were much stronger before trying to control distribution. In fact, attempting to control it turned out to be a huge mistake. Look at NVIDIA: the biggest company in the world, growing faster than many small caps, with huge margins, ROE, ROIC, etc. and they rely on partners for distribution. Or Nintendo, Disney, PlayStation, Visa, Mastercard, the list goes on. There are so many examples of great companies with great moats where selling direct is simply secondary. The ultimate moat inmo is when a company has a product or service so unique that people don’t have a choice if they want the experience that company offers. So yes, distribution is important. But with so many exceptions, I wouldn’t consider it “the ultimate moat.” 😘

Well, he did play like his foot was more than 1/2 way out the door. Travel on, my sweet prince, across the seas to Norway, and adventure! #rememberalways

When logic and proportion Have fallen sloppy dead And the White Knight is talking backwards And the Red Queen's off with her head Remember what the dormouse said Feed your head Feed your head ⭕️💥⭕️ #UncleHowdy #realKILLERkross @Alex30177Alexa #rememberalways #bringbackWyattSicks

#MartinLutherKingJr #MartinLutherKingJrDay #Ihaveadream #DayOfService #RememberAlways

Thank you for your service, sir. #RememberAlways

Spotting fake crypto liquidity pools is a skill! 🎯 Rememberalways do your research before diving in. How do you separate the real deal from the sneaky imposters? Let's navigate this crypto maze together! ✨ #cryptocurrency #cryptoawareness #Ethereum #Web3 #TEE

wrong is wrong but the biggest wrong is the smallest #rememberalways

#Jayalalitha #JJ #Amma_ADMK #RememberAlways #AIADMK

You can't always have a good day. But you can always face a bad day with a good attitude. #Rememberalways

Unfortunately, politicians without shame or a conscience exist on both sides of the aisle. Future President Kamala Harris must be protected from individuals like him👇🏽at all costs. #RememberAlways

Nobody is too busy. It's just a matter of priorities. If they want to find time for you,they will surely do! #Rememberalways

Don't give up! Your day will sure come. It's just a matter of time! Don't stop trying! Don't stop praying! Don't stop beliving! #Rememberalways

Never give up on something you really want. It's difficult to wait,but it's more difficult to regret. #Rememberalways

Before you talk,listen. Before you react,think. Before you criticize,achieve. Before you spend,earn. Before you quit,try. Before you doubt it,pray about it #Rememberalways

Don't ignore the effort of someone who tries to keep in touch. It's not all the time that someone cares #Rememberalways

Sometimes you need to stop seeing the good in people and start seeing what they show you💯🎊📌 You sef think am📌 #Rememberalways #tuesdayvibe

#ThoughtForTheDay #RememberAlways.. 👍♥️🙏

You can forgive some people without welcoming them back into your life. Apology accepted Access denied💯📌 #Rememberalways💯📌

After God! You are the CEO of your life. Hire, fire, and promote accordingly! Good afernoon lovelies❣️❣️❣️ #Rememberalways! #ThursdayThoughts