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Table of Contents
Economic moats
Mistaken moats
Intangible assets
Switching costs
The network effect
Cost advantages
The size advantage
Eroding moats
Finding moats
The big boss
Where the rubber meets the road
What's a moat worth?
Tools for valuation
When to sell
More than numbers.
Mistaken moats
Intangible assets
Switching costs
The network effect
Cost advantages
The size advantage
Eroding moats
Finding moats
The big boss
Where the rubber meets the road
What's a moat worth?
Tools for valuation
When to sell
More than numbers.