Ep 365. Finding Moats: Market Power, Customer Behavior, Substitution, Distribution, and Margin Protection
Focused Compounding
00:00
How to Evaluate a Barrier to Entry
A barrier to entry is high when several factors are required at once. A mega project can have huge advantages, i this way, because it's a big span of time. And so basically, time is a necessary factor. No one wants to enter somethingwhat they say, oh, it's ong to take years to build up this business.
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