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We Study Billionaires - The Investor’s Podcast Network cover image

TIP546: The Holy Grail of Long-Term Value Investing

We Study Billionaires - The Investor’s Podcast Network

NOTE

Defining a Sustainable Competitive Advantage and its Importance in Investing

A competitive advantage is a company's ability to generate excess returns/nSustainable competitive advantage requires barriers to entry/nMoats are the main pillar of Buffett's investing strategy/nGreat businesses have anever-increasing stream of earnings with virtually no major capital requirements/nGreat businesses require little tangible capital to growand are driven by intangible assets

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