Invest in businesses with a competitive advantage from "summary" of Common Stocks and Uncommon Profits by Philip A. Fisher
One of the key principles for successful investing is to identify and invest in businesses that have a competitive advantage. A competitive advantage can come in many forms, such as superior products or services, strong brand recognition, economies of scale, proprietary technology, or a unique business model. Companies with a competitive advantage are better positioned to outperform their competitors and generate sustainable profits over the long term. They are able to defend their market share, command higher prices, and attract and retain customers more effectively than their rivals. When evaluating potential investments, it is important to assess the strength and durability of a company's competitive advantage. A strong competitive advanta...
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