Ep 379. Remembering 2022, Thoughts on FTX & SBF Debacle, and Predictions for 2023
Focused Compounding
00:00
How to Survive on a Very Low Gross Profit Margin
Narrow gross margins while having very high profitability is really attractive. But surviving on more narrow gross profit margins is usually a like safer way to be protected against competition. If you have to buy 300 billion dollar companies then this kind of thing would make sense. It has all the marks of buffet just in terms of price and growth levels I mean on a quantitative basis.
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