Excess Returns  cover image

Redefining Moat Investing with Yuri Khodjamirian

Excess Returns

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Navigating Challenges and Regulations in High-Tech Industries

This chapter explores the obstacles in constructing high-speed rail projects in the US, highlighting cost and regulatory issues. It delves into how regulations can create barriers to entry and natural monopolies in sectors like tech and biopharmaceuticals. Additionally, the discussion covers the evolution of technology industries and the impact of emerging technologies on established players.

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