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Career Moats 101

By Cedric Chin, Commonplace

“First, what is a career moat? I’ve got a dedicated page for this, but in a nutshell:

“A career moat is an individual’s ability to maintain competitive advantages over your competition (say, in the job market) in order to protect your long term prospects, your employability, and your ability to generate sufficient financial returns to support the life you want to live. Just like a medieval castle, the moat serves to protect those inside the fortress and their riches from outsiders.

“The central thesis here is that career moats are worth pursuing because we live in a world of constant change. What is valuable today might not be valuable tomorrow, and the constant threat of automation and globalisation means we are no longer guaranteed careers (or company-supported retirement!) in the modern economy.”

Link to the rest of this article here…

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