By Alistair Barr, MarketWatch
OMAHA, Nebraska (MarketWatch) -- Berkshire Hathaway Chairman Warren Buffett and Vice Chairman Charlie Munger praised Google Inc. during a press conference Sunday, saying the Internet giant has a strong business that can't be matched or taken away by rivals.
"Google has a huge new moat," Munger said. "In fact I've probably never seen such a wide moat."
The moat of a company refers to how difficult it is for rivals to compete in the same business. The wider the moat, the more control a company has over its market and the more likely they are to be profitable.
Google's (GOOG:) chairman said."I don't know how to take it away from them," he added. "Their moat is filled with sharks," Munger said.
Google said last month that its paid clicks, or the number of times users clicked on an advertisement and generated revenue for the company, grew 17% in the first quarter compared with the period last year. Read more on Google.
Google reported that, excluding special items, earnings for the first quarter were $5.16 a share, above the $4.93 expected by analysts, according to data from Thomson Reuters. 
Alistair Barr is a reporter for MarketWatch in San Francisco. Related Links
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