Invest in companies with competitive advantages from "summary" of Beating the Street by Peter Lynch
One of the key principles to successful investing is to focus on companies that possess competitive advantages. These advantages can come in various forms, such as brand recognition, superior technology, or a strong network of distribution channels. By investing in companies with competitive advantages, you are essentially putting your money behind businesses that have a strong position in their respective industries. This gives them a leg up on their competitors and allows them to maintain profitability ove...
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