Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection
Focused Compounding
00:00
Is a Mote a Good Thing?
A lot of people sort of miss, if a business actually has a mote or not. There's kind of two kinds of value, best in the approach that buffit has and the graham approach. The mote really becomes important if you're paying above if you're buying on the basis of earnings,. Future cashas dis discounting cash loav stuff all depends heavily on mot.
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