Don’t Confuse Growth With Sustainable Competitive Advantage

Don’t Confuse Growth With Sustainable Competitive Advantage

“The key to investing is not assessing how much an industry is going to affect society, or how much it will grow, but rather determining the competitive advantage of any given company and, above all, the durability of that advantage. The products or services that have wide, sustainable moats around them are the ones that deliver rewards to investors.”

–Warren Buffett,11/22/99

所有跟帖： 

• Jobs! 苹果没有Jobs的时候就没行过。。。 -mktech- ♂ (111 bytes) () 10/28/2012 postreply 22:48:08

• ?確?DDD?叫ノAAPL?caseㄣ砰甶甶? -passers- ♂ (2691 bytes) () 10/28/2012 postreply 23:21:29