> A flat tire is a flat tire, no matter whether a recession is going on or whether LLMs are causing chaos in white collar work. If I had no debt and a little bit saved up I might just content myself with a humble moat like that.
Bad idea. Automotive repair is barely a moat, because you don't need that much training to work those jobs. There's a lot of people who want to do it. And cars are definitely susceptible to recessions - if fewer people are buying cars, if there's a shift to transit, if your locality builds more pedestrian-friendly infrastructure, if businesses that use work vehicles are forced to close, then your demand drops and everyone already in the field is forced to compete with one another.
For moats, look for things that are complex (not everyone can do it), licensed and always needed.
Bad idea. Automotive repair is barely a moat, because you don't need that much training to work those jobs. There's a lot of people who want to do it. And cars are definitely susceptible to recessions - if fewer people are buying cars, if there's a shift to transit, if your locality builds more pedestrian-friendly infrastructure, if businesses that use work vehicles are forced to close, then your demand drops and everyone already in the field is forced to compete with one another.
For moats, look for things that are complex (not everyone can do it), licensed and always needed.