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Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection

Focused Compounding

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Does the Business Model Make AnySense?

Do you ever think through whether the business model even makes sense? Something to your point about food delivery? Is that even a vible business model long term if you don't have unlimited access to capital? I mean, you know, how much the restaurants have to pay riht the food delivery, it's like it doesn't even make sense. A lotdy's a proof of concept things that eventuly will get to a level where it will make sense. And the questionis whether its scales up or not.

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