Value Investing In Your Car Episode 39 – What Is Your Competitive Advantage?
I’m curious about everything so this leads to a range of reading and learning outside of value investing, finance, and investing.
In these Value Investing In Your Car episodes, we talk about some of these things and much more to help you become a better value investor faster.
- Mental models
- When does value investing work best
- Where it works
- You get book reviews from everything I learn from
- I talk about the most important thing I learned in 2017
- How to learn faster
- The 4 most useless investing metrics
- If I could only use 3 investing metrics, what would they be
- And much more…
If you want to learn from the other episodes in this series, you can watch the entire playlist here.
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Today, I ask you – What Is Your Competitive Advantage?
What Is Your Competitive Advantage
If you’ve thought of competitive advantages – AKA Moats – at all, it’s likely been in the context of – “does this investment have a competitive advantage.”
This is an important thing to figure out.
But more important in my view is figuring out your competitive advantages.
The more you know what your strengths and advantages are, the closer you are to true success.
Why?
Because as talked about in last week’s episode of Value Investing In Your Car on Unique Ability, the most successful people in the world learn their competitive advantages. Continue to learn and develop them. And delegate the rest to others.
Here’s this week’s video on this topic.
In the 23-minute video above, I give my thoughts on helping you find your competitive advantages so you can get closer to success.
Some of the things I talk about in the video are:
- What a competitive advantage is
- How this is different from a business competitive advantage
- How this is more important than a business’ competitive advantage for your long-term success
- How knowing yourself and your advantages get you closer to success
- How this is similar to Unique Ability that we talked about last week
- And more…
Did I miss something? What are your thoughts on this concept?
Let me know in the comments below.
And remember…
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P.P.S. We’re doing a FREE live training and valuation of ASXFY on Wednesday this week. By the end of the session, you’ll know how to value a business 23+ different ways. And again, it’s FREE. To learn more info about this live webinar, go here. Or if you’re ready to sign up and claim one of the limited spots, go here.