Money and Finance
- The Truly Exceptional Business...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns:The truly exceptional business can operate with little capital. When U.S. securities markets function normally, most healthy businesses have no trouble...
- Bruce Greenwald And Judd Kahn On Competitive Advantage And Apple (circa 2005)
The book Competition Demystified is one of my must-read investment books (published in 2005). The excerpt below contains both some good information on looking for competitive advantages, but it also shows how quickly things can change—especially in...
- Competitive Advantages...
"There are only a few types of competitive advantage (demand, supply, and economies of scale) and two straightforward tests (market-share stability and high return on capital) to confirm their existence." -Bruce Greenwald and Judd Kahn, Competition...
- Competition Demystified - By Bruce Greenwald And Judd Kahn
Thanks to Michael Porter’s groundbreaking work Competitive Strategy, published in 1980, strategic thinking increasingly has come to recognize the importance of interactions among economic actors. By concentrating on external agents and how they behave,...
- Basic Structure Of Investment Process And Valuation By Bruce Greenwald
Prof. Bruce Greenwald's presentation in India, courtesy of Prof. Sanjay Bakshi:-Basic Structure of Investment Process and Valuation-....................-Books:-Value Investing: From Graham to Buffett and Beyond-Competition Demystified : A Radically...
Money and Finance
Profitability and growth...
"For profitability, growth is a double-edged sword. It always requires additional investment, and the prospects of earning more than the cost of capital depend on the position of the firm in its industry. For companies with competitive advantages that they can maintain even as the market gets bigger, growth is an unambiguous benefit. But when markets enlarge, they often allow competitors to achieve comparable economies of scale and thereby undermine a major barrier to entry. Unprotected by barriers, companies do not produce exceptional returns." -Bruce Greenwald and Judd Kahn, Competition Demystified: A Radically Simplified Approach to Business Strategy
- The Truly Exceptional Business...
From The Small-Cap Advantage: How Top Endowments and Foundations Turn Small Stocks into Big Returns:The truly exceptional business can operate with little capital. When U.S. securities markets function normally, most healthy businesses have no trouble...
- Bruce Greenwald And Judd Kahn On Competitive Advantage And Apple (circa 2005)
The book Competition Demystified is one of my must-read investment books (published in 2005). The excerpt below contains both some good information on looking for competitive advantages, but it also shows how quickly things can change—especially in...
- Competitive Advantages...
"There are only a few types of competitive advantage (demand, supply, and economies of scale) and two straightforward tests (market-share stability and high return on capital) to confirm their existence." -Bruce Greenwald and Judd Kahn, Competition...
- Competition Demystified - By Bruce Greenwald And Judd Kahn
Thanks to Michael Porter’s groundbreaking work Competitive Strategy, published in 1980, strategic thinking increasingly has come to recognize the importance of interactions among economic actors. By concentrating on external agents and how they behave,...
- Basic Structure Of Investment Process And Valuation By Bruce Greenwald
Prof. Bruce Greenwald's presentation in India, courtesy of Prof. Sanjay Bakshi:-Basic Structure of Investment Process and Valuation-....................-Books:-Value Investing: From Graham to Buffett and Beyond-Competition Demystified : A Radically...