Mundy's Moments: Moats and peaks

Buffet's term may have 'peaked'

As the Mundy household recently embarked on a mass tidy-up, a game in which the whole of the family was apparently expected to participate, I quickly went to hide in the cupboard in which we keep our sports equipment.

Before long I was knee-deep in tennis racquets, table tennis bats, running gear, golf balls (despite having no golfers in the family) and a plethora of trainers. It quickly became clear that the Mundys are at 'peak sports equipment'. 'Peak' is apparently affecting a number of areas at the moment: restaurants, craft-beers and artisan popcorn immediately come to mind.  I also wonder if the concept of moats in the world of fund management may too have peaked. Warren Buffett coined the term 'economic moat' referring to the sustainable advantages that protect a company against competito...