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49. Tobias Carlisle - What is Money?
Mutiny Investing Podcast
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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