Buffett’s favourite advantage is dead

LiveWire

2025/09/29

Note: This extract was taken from Livewire Live 2025’s panel: 'How to embrace the chaos clouding markets' filmed 12 September 2025. At Livewire Live 2025, Macquarie Capital’s Viktor Shvets took aim at...

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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBuffett’s favourite advantage is dead\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-29 04:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.livewiremarkets.com/wires/buffett-s-favourite-advantage-is-dead><strong>LiveWire</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Note: This extract was taken from Livewire Live 2025’s panel: 'How to embrace the chaos clouding markets' filmed 12 September 2025.\nAt Livewire Live 2025, Macquarie Capital’s Viktor Shvets took aim at...</p>\n\n<a href=\"https://www.livewiremarkets.com/wires/buffett-s-favourite-advantage-is-dead\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z9Z06.USD","symbol_name":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","start_time":0,"source_url":"https://www.livewiremarkets.com/wires/buffett-s-favourite-advantage-is-dead","article_id":"2571824858","we_media_id":null,"thumbnails":[],"rights":{"source":"livewire_stock","url":"https://www.livewiremarkets.com/wires/buffett-s-favourite-advantage-is-dead","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2571824858","pubTimestamp":1759089623,"columns":[],"sourceInfo":{"source_id":"livewire_stock","name":"Livewire Markets"},"weMediaInfo":null,"summary":"Note: This extract was taken from Livewire Live 2025’s panel: 'How to embrace the chaos clouding markets' filmed 12 September 2025.At Livewire Live 2025, Macquarie Capital’s Viktor Shvets took aim at one of investing’s most enduring ideas: the 'moat' - the economic notion that barriers to entry, scale, or coveted products can protect a company from competition.Yet, business cycles are shortening. Technology is breaking down barriers between industries, multiplying competitors overnight. Meanwhile, abundant capital is flooding markets, accelerating both growth and decline.“The same forces that create large companies can destroy them equally as quickly. Warren Buffett liked to have moats. Those moats increasingly no longer exist.”Shvets argues that investors must rethink what “durable advantage” means in a world where size and dominance can evaporate almost overnight. Unlike past cycles, where it took years or decades for companies to reach the top, today’s mega-caps can emerge in less t","collect":0,"end_time":0,"defaultTopTitle":"livewiremarkets.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z9Z06.USD":"Legg Mason ClearBridge - US Aggressive Growth A Acc USD","OKLO":"Oklo Inc.","BK4539":"次新股","IE00B19Z9P08.USD":"LEGG MASON CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (USD) INC","BK4543":"AI","IE00B894F039.SGD":"Legg Mason ClearBridge - US Aggressive Growth A Acc SGD-H","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4081":"电力公用事业","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4606":"AI电力股","IE00BZ9MQY76.HKD":"FTGF CLEARBRIDGE US AGGRESSIVE GROWTH \"A\" (HKD) ACC","BK4613":"AI应用软件","BK4547":"WSB热门概念","PLTR":"Palantir Technologies Inc.","BK4585":"ETF&股票定投概念","BK4023":"应用软件","BK4588":"碎股"},"translate_title":"巴菲特最喜欢的优势已经消失","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OKLO":1,"PLTR":1},"content_text":"Note: This extract was taken from Livewire Live 2025’s panel: 'How to embrace the chaos clouding markets' filmed 12 September 2025.\nAt Livewire Live 2025, Macquarie Capital’s Viktor Shvets took aim at one of investing’s most enduring ideas: the 'moat' - the economic notion that barriers to entry, scale, or coveted products can protect a company from competition.\nYet, business cycles are shortening. Technology is breaking down barriers between industries, multiplying competitors overnight. Meanwhile, abundant capital is flooding markets, accelerating both growth and decline.\n“The same forces that create large companies can destroy them equally as quickly. Warren Buffett liked to have moats. Those moats increasingly no longer exist.”\nShvets argues that investors must rethink what “durable advantage” means in a world where size and dominance can evaporate almost overnight. Unlike past cycles, where it took years or decades for companies to reach the top, today’s mega-caps can emerge in less than a year.\nConsider AI company Palantir (NASDAQ: PLTR), which has become a 12-bagger since 2024. Or Oklo (NYSE: OKLO), a mini-nuclear technology company with no profits or commercialised products. Despite making no money, its stock has surged 17x.\nBut Shvets cautions: the very forces driving these meteoric rises can also bring them crashing down.\nTo hear more from Shvets, watch the full Livewire Live interview here.\n\n\n\nNever miss an update\n\n    Enjoy this wire? Hit the ‘like’ button to let us know. \n    Stay up to date with my current content by \n    following me below and you’ll be notified every time I post a wire","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}