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49. Tobias Carlisle - What is Money?

Mutiny Investing Podcast

CHAPTER

The Importance of Protecting Your Business From Competition

There are businesses that can withstand competition for years. They tend to be not particularly high-tech businesses like Coca-Cola. Buffett's innovation has got a small, there's 300 businesses or something like that in the States. He just waits until they get cheap enough to give him a 10% return and then he buys them.

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