Money and Finance
From the book The Investment Checklist by Michael Shearn.
- Graham And Dodd Quote
From Security Analysis (and maybe less relevant to a business with a wide moat): These examples, extreme as they are, suggest rather forcibly that the book value deserves at least a fleeting glance by the public before it buys or sells shares in a business...
- Peter Thiel Quote
From Zero to One: Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition all profits...
- Competitive Strength Vs. Sustainable Competitive Advantage
“It is important for you to distinguish a business’s competitive strength from a sustainable competitive advantage. If a business has good customer service, a quality product, and knowledgeable workforces, those are all strengths, but those can often...
- Pricing Power
From the book The Investment Checklist by Michael Shearn. “Businesses that have pricing power typically have several characteristics in common such as high customer- retention rates; their customers spend a small percentage of their budget on the business’s...
- Charlie Munger Quotes On Competition
These are also from yesterday's Berkshire Hathaway Annual Meeting (where Munger said he thought the U.S. would be lucky to get 1% REAL GDP growth over the next 20 years, and cited increased foreign competition as one reason): "We have found in a long...
Money and Finance
Threats from Foreign Competition
From the book The Investment Checklist by Michael Shearn.
“A business is not threatened by foreign competition if its products cannot be shipped long distances, but if labor is a large component of the product cost, then the business will face threats from foreign competition.”
- Graham And Dodd Quote
From Security Analysis (and maybe less relevant to a business with a wide moat): These examples, extreme as they are, suggest rather forcibly that the book value deserves at least a fleeting glance by the public before it buys or sells shares in a business...
- Peter Thiel Quote
From Zero to One: Americans mythologize competition and credit it with saving us from socialist bread lines. Actually, capitalism and competition are opposites. Capitalism is premised on the accumulation of capital, but under perfect competition all profits...
- Competitive Strength Vs. Sustainable Competitive Advantage
“It is important for you to distinguish a business’s competitive strength from a sustainable competitive advantage. If a business has good customer service, a quality product, and knowledgeable workforces, those are all strengths, but those can often...
- Pricing Power
From the book The Investment Checklist by Michael Shearn. “Businesses that have pricing power typically have several characteristics in common such as high customer- retention rates; their customers spend a small percentage of their budget on the business’s...
- Charlie Munger Quotes On Competition
These are also from yesterday's Berkshire Hathaway Annual Meeting (where Munger said he thought the U.S. would be lucky to get 1% REAL GDP growth over the next 20 years, and cited increased foreign competition as one reason): "We have found in a long...