Overview

“A truly great business must have an enduring “moat” that protects excellent returns on invested capital. The dynamics of capitalism guarantee that competitors will repeatedly assault any business “castle” that is earning high returns."—Warren Buffet

Competitive advantages are characteristics of a business or business model that help keep competitors at bay or drive pricing power.

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Mental Models on My Mind - Scuttlebutt Investor

A few months have passed since I received my copy of Poor Charlie's Almanack in the mail so this post has been marinating in my mind for some time. But I didn't really have the chance to crack open the book and dive into it until recently.

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