
Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection
Focused Compounding
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The Difference Between Durability and Mote
A profitable industry will attract more competitors looking to compete for those profits. If barrier to entries are low, then this pposes a threat to the firms already competing in that market. So profitability does not require kimes of scale. Products are undifferentiated. Brand aims are not well known. Initial capital investment is low. Consumers switching costs are low. Accessing distribution channels is easy. Technology is not issue. Government policy is not an issue. You get the point from looking at the screen. A rivalry among existing firms. This step is similar to barries to entry. However, we compare company strength in customer retention, customer acquisition and margin with its competitors. We want to see some
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