Tren Griffin @trengriffin I work for Microsoft. Previously I was a partner at Eagle River, a private equity firm established by Craig McCaw. I am on the board of directors of Kymeta. Apr. 13, 2020 1 min read

25iQuiz: What business is represented in the chart?

"The single most important decision in evaluating a business is pricing power. [Unless] you’ve got power to raise prices without losing business to a competitor, you [don't] have a good business." WB

Revenue doesn't fix that.

"The competition in some markets gets sort of rational from the investor's point of view so the shareholders do well, and in other markets, there's destructive competition that destroys shareholder wealth.” "If it's a pure commodity you can understand why no one makes any money."

Charlie Munger: “It's a rare business that doesn't have a way worse future than it has a past.”

Have you read this? Again, why not? What's your excuse?

"Competitive advantage period”— CAP— or how long returns above the cost of capital will be earned." 

You can follow @trengriffin.


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