[Reprint] BANNRONS: Buffett's moat with five areas _-Zhuang

Categorylos angeles tax lawyer: value good man original address: Buffett's moat with five aspects tax attorney irs"> BANNRONS: Buffett's moat woklahoma injury lawyer
ith five aspects of author: Buffy tree" Inbusiness, Ilook for economic castles protected by unbreachable "moats". " - WarrenBuffett "in business, I have sought to break through the ' economic moat ' protection of the Castle. " - Warren Buffett��" Amoat that must be continuously rebuilt will eventually be no moatat all. " - "WarrenBuffett a moat reconstruction must be sustained will cease to exist. " - Warren Buffett�� stock's value comes from the compounding growth. But decided to compound interest growth pace is ROE, the rate of return on net assets. But in the final analysis of an enterprise's ROE or from commercial profit. Commercial profit situation is largely depends on Buffett has said how wide moat,. Buffett, who is actually a moat a competitive advantage. The moat is five think, respectively from The five mind The five j STH mind leads Porter, Michael Harvard sucstressed 's �� under "five" The five strengths of mind in.Five mind as Michael Porter in 1979, the governments of a competitive order framework. Nowadays Five mind respectively is: 1) from consumer bargaining 2) from the vendor bargaining 3) from potential entrants 4) threat comes from alternatives threat 5) from an existing competitors threats which can resist these five forces of moat is there are many , such as: Rights (such as next, Coca Cola)Petersburg, switching limited (consumer tobacco),Petersburg, judge not removing entry (Finance)�� scale (such as little steel enterprises).�� such as absolute by the follies as (resource - based next)On any access control (, such as the Association in the country)Such as State, woman (owned monopolies) -Effects (such as a, Tencent)With such as, as (the Intel) Nevertheless the moat, all enterprises establish core competence and its own soul, effective model. Michael Porter pleasure as prevailing competitive focussing: by the follies, differentiation and focused.