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Ep 349. Q&A: Illiquid Stocks, Deep Value, Underrated Industries, BNPL, & Moats in Big Tech

Focused Compounding

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The Mote Isn't as Strong as It Would Have Been Thought

As your company progresses, it becomes more and more difficult for someone else to catch up to you. Some of them developed in differet ways than i would have expected. I think they're huge economies of scale. But using those economies of scale to prevent competition is more o what it's about. There are industries where you can be twice some one size and they can't hurt you because of how those barr sentry work.

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