Capitalist Letters

Capitalist Letters

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Capitalist Letters
How To Analyze Competitive Advantage in 5 Simple Steps + Cheat Sheet For Competitive Analysis
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How To Analyze Competitive Advantage in 5 Simple Steps + Cheat Sheet For Competitive Analysis

Companies with a durable competitive advantage pay the highest dividends in the long term. Here is how you can assess competitive position and a cheat sheet to streamline it.

Oguz Erkan's avatar
Oguz Erkan
Apr 30, 2025
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Capitalist Letters
Capitalist Letters
How To Analyze Competitive Advantage in 5 Simple Steps + Cheat Sheet For Competitive Analysis
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If I were to pick one property for investment outperformance, it would have been a long-term competitive advantage—moat, Buffett would say.

Not growth, not management, not even valuation…

A business with a moat can outgrow most hyper-growth companies in the long term through slow but steady growth, survive disastrous management, and even justify seemingly…

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