Moats don't look like they did in the 80s and 90s
On the internet, the power goes to the company people CHOOSE to interact with every day.
$Netflix(NFLX)$ in streaming
$Alphabet(GOOG)$ $Alphabet(GOOGL)$ in search/mail
$Apple(AAPL)$ in hardware
$Uber(UBER)$ in ride-sharing
$Amazon.com(AMZN)$ in retail
$Intuit(INTU)$ for taxes
Moats don't look like they did in the 80s and 90s.
Companies with strong balance sheets that can buy back stock opportunistically over the next 12-18 months will likely crush the market.
The best trade is not to trade at all. Compounding takes time...and patience.
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- Esther_Ryan·03-12100%! Thanks for sharing.LikeReport