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Ep 366. Microsoft + Netflix, Advice for New Investors, Buffett/Munger, and Testing Bargaining Power

Focused Compounding

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The Greatest Safety Isn't Dominance

There are still threats that you would face. And there certainly is am but you have things like pico, where all the customers get together to create an alternative because they 're fighting against your market power. I think from a safety perspective, the greatest safety usually is not so much complete dominance, but that you're dominating something in which others aren't willing to take the market from you. Think its always wa good example. Otot lots of small companies, it's true, because there isn't enough um profit pool for others to come in and take. Um, i also think we've talked about like maga projects. And things are a litle more difficult to do that way

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