Strong beliefs in the investment world guide many investors’ portfolios. The problem is that many of them are not true. It’s time to destroy misconceptions about payout ratios, PE ratios, dividend history, and volatility. Define Your Strategy and Invest with Conviction. Download the Portfolio Workbook for free. You’ll Learn What is the dividend payout ratio? […]
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Economic Moats: Switching Costs and the Network Effect
Following last week’s article describing the concept of economic moat, we now look at switching costs and the network effect. Both are competitive advantages that protect a company, in other words, that contribute to that company’s economic moat. Switching cost High switching costs make it difficult, costly, or both for customers to switch from one […]