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SPECIAL: Simon Kold Discusses His Book, On the Hunt for Great Companies

This Week in Intelligent Investing

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Understanding Competitive Advantages and Value Dynamics

This chapter explores the intricacies of switching costs, their implications for customer retention, and the need for integrated strategies that combine switching costs with network effects. It emphasizes the evaluation of both competitive advantages and disadvantages in the market, advocating for a comprehensive approach to investment strategies. Additionally, the discussion covers the importance of reinvestment options and understanding operating leverage in assessing company performance and making informed investment decisions.

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