Ep 196. Porter’s 5 Forces and Measuring a Stock’s Moat
Focused Compounding
00:00
Exploring Intangible Assets and Cost Advantages
This chapter explores the importance of intangible assets in sectors like pharmaceuticals and media, using Disney's content library as a key example. It also examines the cost advantages seen in companies like Geico and Walmart, discussing how these advantages can erode over time and affect long-term capital returns.
Play episode from 23:05
Transcript
