Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection
Focused Compounding
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Distribution Is a Big Advantage
A movie will make much more money if distributed by a major studio. The one exception is disme a, which was not distributer. Almost no one else has completely fallen to nothing. Just because you have a mote doesn't mean you're going to have a good business.
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