2min chapter

Invest Like the Best with Patrick O'Shaughnessy cover image

Pat Dorsey - Buying Companies With Economic Moats - [Invest Like the Best, EP.51]

Invest Like the Best with Patrick O'Shaughnessy

CHAPTER

The Importance of Network Effects

Aviva doesn't have to watch all of its business go away, but the business is able to flex down a little bit because it is a cyclical business. The more places they can use my Visa and MasterCard, the more valuable that network becomes for anybody who uses it. I think one place people often get confused with networks is what are called sort of radial versus interactive networks.

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