Time will make him superrich when he invests in a company that has a durable competitive advantage working in its favor.
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Companies can act on the options they create only if their operations can support the execution.
It means understanding which operations and capabilities give a competitive advantage, and ensure the company owns them and invests in them.
Because these business economics working in their favor, there was zero chance of them ever going into bankruptcy.
The lower stock stock price also meant a greater upside potential for gain.
Warren realized t...
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