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Investing in a Competitive Economy
Bisk is known for his bet on the airline industry in 20 16. He believes that if an industry has a large range of competitors from the getgo, very probably will be an industry where and state economics are not that attractive. As an investor, it's ery high risk a proposition in my view. We really focus on thinking through wot of the industries where actually truly are developing a mote. So we want to see businesses that are gradually, systematically, methodically, building in moats,. And because of that moat, they will generate a kind of high return of capital.