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Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection

Focused Compounding

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Are You a Valuable Stock?

Since ti o, hundred % advertising focus company. There's gong be cychlical factors that are not good right now for advertising vocus companies. And then the fact umta threats to it. M, i think that yet it is a value stock. Um, usually when you have really strongly ingrained customer behavior over a long period of time. But sometimes the benefits can be big when you vest in companies where the future just is more similar to the past.

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