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The strategist and professor discusses how to invest in companies that get better as they get bigger
It’s not all network effects
Grandee of investment analysis has dug into market power
They play an important role in facilitating the reallocation of capital
Michael Mauboussin takes a look at one of the most fraught talking points in investing.
Volatility boosts value of companies with options to invest in future projects
To buy something for less than it is worth is as useful as ever
International Edition