1+1 =2

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  • Short Term: Emotion & sentiments
  • Long Term: Business Performance
Be a collector of Business but mindful of emotion roller coaster. 

4 Moats:
1. Intangible assets: Brand, Patents, License & government asset
2. Low Cost advantages
3. Network Effect: Value of a service increases as more people uses it. 
4. Switching Costs

https://www.cbinsights.com/research/report/business-moats-competitive-advantage/

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