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EP 313. How to Judge and Research an Industry

Focused Compounding

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What's the Modern Version of That of Newspapers?

A lot of different businesses that i'd say our winter takes all are financed with venture capital money, and so they continue to exist even though they shouldn't. I think the custom acquisition cost is too high, unless you get shrunk down to fewer competitors. A lot of companies don't really care about turning a profit or producing free cash flow. Its just go grad market shaire as much as possible. But yes, there's a lot of thingsthay've beenstarting the last ten, 15 years,. You would think should end up being, you know, almost when it takes all.

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