AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min chapter
TIP546: The Holy Grail of Long-Term Value Investing
We Study Billionaires - The Investor’s Podcast Network
The Importance of Durable Competitive Advantage in Investing
Investing in a business with a durable competitive advantage that can earn high rates of return over time is not easy to do. Great businesses are typically characterized by negative working capital, low fixed asset intensity and real pricing power. Markets provide disproportionate rewards to companies that can promise years of sustainable earnings growth.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode