Duke Energy enjoys a legal monopoly from the state of North Carolina. With very few exceptions, third-party electricity sales are simply not permitted under state law. They're relatively well diversified across the Energy spectrum. $28 billion in revenue, $4 billion in operating income, $96 quarters of paying cash dividends.
Investing doesn’t have to be complicated. Buy a business with a wide moat and hold it for a really long time. Mary Long talks with Ron Gross about: - How to tell if a business is a monopoly - Laser-focused companies that have fended off competition - Monopolies in railroads, trash, and surgical robots
Companies discussed: MSFT, WDFC, META, GOOG, GOOGL, DUK, UNP, WM
Host: Mary Long Guest: Ron Gross Producer: Ricky Mulvey Engineer: Dan Boyd
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