Quote of the day by Nikhil Kamath: ‘Capital can no longer be a Moat if increased productivity, inevitably leads to…’

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Entrepreneur and investor's quote comes to mind as Nikhil Kamath questioned the world about how, in this modern era of AI, just capital can no longer serve as a long-term competitive advantage if there is an increase in productivity, which leads to deflation. Here's what he said.