Money and Finance
These quotes are from the book The Investment Checklist by Michael Shearn.
"Competitive advantages are less sustainable when they are affected by changes in technology or if they are in rapidly emerging industries. Changes in technology threaten a competitive advantage when they expand customer choice, whether by offering the same product for less or by offering greater benefits for the same price or less."
"The greatest gains in a stock are usually made as a business is developing its competitive advantage rather than after it already has developed one."
"Do not confuse a competitive strength or a business that is successful because it is in the right place at the right time with having a competitive advantage."
- Ed Chancellor On The Capital Cycle...
From his introduction to Capital Returns: Investing Through the Capital Cycle: A Money Manager's Reports 2002-15, which was released in hardcover today: Typically, capital is attracted into high-return businesses and leaves when returns fall...
- The Linkage Between Returns-on-capital And Competitive Advantage...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns: The small-cap manager should attempt to understand the linkage between returns-on-capital and competitive advantage. The latter drives the former, but...
- Brands And Competitive Advantages
From The Little Book That Builds Wealth: One of the most common mistakes investors make concerning brands is assuming that a well-known brand endows its owner with a competitive advantage. In fact, nothing could be further from the truth. A brand creates...
- Competitive Advantages And Barriers To Entry...
"Although often treated as separate aspects of strategy, barriers to entry and competitive advantages are essentially alternative ways of describing the same thing. The only necessary qualification to this statement is that barriers to entry are identical...
- 5 Questions To Ask Yourself Before Buying A Stock
1. What do I know about this stock that other investors don't? Every investor who has ever bought a stock believes it to be undervalued or under-appreciated by the market, but before you press the "buy" button it's absolutely critical to...
Money and Finance
Competitive Advantages
These quotes are from the book The Investment Checklist by Michael Shearn.
"Competitive advantages are less sustainable when they are affected by changes in technology or if they are in rapidly emerging industries. Changes in technology threaten a competitive advantage when they expand customer choice, whether by offering the same product for less or by offering greater benefits for the same price or less."
"The greatest gains in a stock are usually made as a business is developing its competitive advantage rather than after it already has developed one."
"Do not confuse a competitive strength or a business that is successful because it is in the right place at the right time with having a competitive advantage."
- Ed Chancellor On The Capital Cycle...
From his introduction to Capital Returns: Investing Through the Capital Cycle: A Money Manager's Reports 2002-15, which was released in hardcover today: Typically, capital is attracted into high-return businesses and leaves when returns fall...
- The Linkage Between Returns-on-capital And Competitive Advantage...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns: The small-cap manager should attempt to understand the linkage between returns-on-capital and competitive advantage. The latter drives the former, but...
- Brands And Competitive Advantages
From The Little Book That Builds Wealth: One of the most common mistakes investors make concerning brands is assuming that a well-known brand endows its owner with a competitive advantage. In fact, nothing could be further from the truth. A brand creates...
- Competitive Advantages And Barriers To Entry...
"Although often treated as separate aspects of strategy, barriers to entry and competitive advantages are essentially alternative ways of describing the same thing. The only necessary qualification to this statement is that barriers to entry are identical...
- 5 Questions To Ask Yourself Before Buying A Stock
1. What do I know about this stock that other investors don't? Every investor who has ever bought a stock believes it to be undervalued or under-appreciated by the market, but before you press the "buy" button it's absolutely critical to...