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I think you underestimate how defensible some businesses are. For example, a supermarket or bank in Australia. “A matter of time” could be your entire career.
by aplummer 8y ago
I think you underestimate how defensible some businesses are. For example, a supermarket or bank in Australia. “A matter of time” could be your entire career.
- dbmk 8y agoYes. I worked for a company that has such a moat surrounding its line of products, it will a couple of decades to erode. 70% of the people there were doing very little on a day-to-day.