
Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection
Focused Compounding
00:00
The Only Way to Survive Overtime Is Through Efficiency
Retail is really bad because the operational advantage that you have is the only difference from you versus some one else. The margins semd to be so low and the turns can be high, the only way to survive overtime is through being very efficient. In retail, it is a method to take a lot of market shares to be extremely efficient. And actually the all turn o profit. So they have to impose efficiency on themselves, right? A retail inself like that.
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