> the market doesn't care about competitive advantage "In the short run, the market is a voting machine but in the long run, it is a weighing machine." - Benja

> the market doesn't care about competitive advantage "In the short run, the market is a voting machine but in the long run, it is a weighing machine." - Benjamin Graham The market does care, eventually. How many of those types of companies that you mentioned are now bankrupt or out of business?