In an investment strategy first popularized by Warren Buffet, investors are encouraged to seek out companies that are surrounded by a competitive “moat.”
Investopedia, the online financial wiki, expands on this as a business’ ability to protect its competitive advantage, long-term profits, and market share from competing firms. This moat “serves to protect those inside the fortress and their riches from outsiders.”
AT&T and Verizon currently operate behind a moat of market dominance, but these companies did not reach the commanding heights of the wireless industry through organic growth alone.
SiriusXM is mounting a lonely campaign against the Music Modernization Act (MMA), saying that because AM/FM radio doesn’t pay artists fairly, neither should they.
SiriusXM is right on one thing: it is absurd and insulting that terrestrial AM/FM radio does not compensate artists for playing their recordings when every other music platform does. One major fundamental injustice to music creators, however, cannot be used to justify others.
The House and Senate are preparing to go to conference to draft the final version of the 2018 Farm Bill. Current funding expires on September 30, 2018.