The Reason Warren Buffett Never Bought Netflix (Learn Why Moats Matter)

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Shares of Netflix (NFLX) tanked the week I recorded this episode. This news was a way for us to illustrate the importance of buying businesses that have moats i.e. durable competitive advantages. This episode features the wisdom of Warren Buffett and Charlie Munger. See more below:

I plan to upload some select episodes of the CMQ Investing podcast in the coming weeks. My hope is that it helps more podcast listeners discover CMQ Investing and then follow the podcast on Spotify or Apple Podcasts. There are over 100 episodes for you to enjoy, and they are packed with investing wisdom.

"You have to understand when competitive advantages are durable and when they're fleeting. I mean, you have to learn the difference between a hula hoop company, you know, and Coca-Cola. But that isn't too hard to do." -Warren Buffett

"We buy barriers, we don't build them. Some industries simply don't have barriers to entry and never will so we avoid them." -Charlie Munger

"A truly great business must have an enduring 'moat' that protects excellent returns on invested capital." -Warren Buffett
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Netflix has been around since 1997. How was it possible to forsee the competition back then? Are the statements in this video not a hindsight bias? Not hating just thinking out loud. Thanks

bizdoct