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by hisnameismanuel
2669 days ago
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Yes, you're right - one can dominate the cola industry, but if the cola industry itself goes away, one has serious problems. To your other point, Buffett doesn't always have the time to elaborate on each answer, so perhaps you missed it in this context. In general, a supreme distribution network is something that he values highly. It's known as having a 'moat' and is one of his most cited investing principles. |
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