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#8 Lawrence Cunningham: Quality Investing

Investing by the Books

CHAPTER

What Are the Competitive Advantages?

There's abundant literature oon on mots, but we then try try to look at patterns where the combinations of of these competitive advantages seem to become, if not impenetrable, teneate a mighty fortress. That just makes it extraordinarily likely that theta business woll do and and and is that sort of, do you feel that it's harder to apply those principles or tools i mean, there's a very, in a very general sense, a lot of investors keep talking about shorter life spans and increased destruction, et cetera.

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