Joel-Oskar

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Though some industries or lines of business exhibit characteristics that endow leaders with virtually insurmountable advantages, and that tend to establish Survival of the Fattest as almost a natural law, most do not. Thus, for every Inevitable, there are dozens of Impostors, companies now riding high but vulnerable to competitive attacks.
Joel-Oskar
Inevitables
Berkshire Hathaway Letters to Shareholders: 1965-2024
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