TIP421: Expectations Investing w/ Michael Mauboussin
We Study Billionaires - The Investor’s Podcast Network
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Investment Performance and Competitive Analysis
This chapter examines the nuances of assessing investment performance through gross value added and the impact of asset scale on dollar returns. It emphasizes the importance of understanding a company's competitive advantage and the analytical frameworks like Porter's Five Forces that aid in this evaluation. Additionally, the chapter highlights the evolution of security analysis and the relevance of cost of capital, particularly in a changing economic landscape.
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