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2min chapter
7 Powers with Hamilton Helmer
Acquired
How to Avoid Competitive Arbitrage in a Competitive Economy
If a company is several years ahead of you and it's one of the middle phase types of power, which is most common in tech, then your size matters. And so if they're ahead of you, when push comes to shove, when the market settles down, you will not be in good position. But that's more of an edge case. An even more interesting investment opportunity, they don't come along very often, but it's almost a category of one. Or there's something about the way they are that there's nobody really quite like them.
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