
Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection
Focused Compounding
00:00
The Demon Dust Business
In the early stages, it's not so important to pay a lot of money for something. You're going to go with the one that you trust. Sometimes even charging more for the product help signald that it is better and people will buy it. But do you really want to have something that heats up and ele a thing that costs four dollars? I don't know. Simp re going to say, i don't want tha. Oh, you know, that's more of the i'm thing. And am there's total insensitivity to price on building projects because there's no easy substitute.
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