Pat Dorsey’s book is one of the most important text that you can read to untangle the puzzle of moat and competitive advantages.
This is the continuation of our book review which we started in the special report last month. I hope the first part of this review piqued enough interest in you to start reading the book.
This is an extremely rich book, insight-wise, and it took me many weeks to absorb the content.
One of the key distinction that one needs to understand is that organic entities are intrinsically antifragile, while artificial creations are at best robust and likely fragile. Most of the man made things especially mechanical ones are subject to wear and tear and horribly fragile in long term. However, some of the intangible creations of man like ideas, technologies, and businesses exhibit antifragility.
For that matter, if you can find an antifragile business you would be done for life! Let me know if you stumble upon such business model, except of course Berkshire Hathaway 🙂
Want to Read More? This content is exclusive for members of Value Investing Almanack. Login to read if you are a member. Else, click here to subscribe.
- Spotlight: Big ideas from Value Investing and why applying them in your investment decision making will be a great deal
- InvestorInsights: Interviews with experienced value investors, learners, and deep thinkers
- StockTalk: Thorough analysis of business models of companies (without any recommendations)
- Behaviouronomics: Deep analysis of human behaviour and how it impacts investment decision making
- BookWorm: Reviews of the best books on Value Investing and related subjects
- Free Course – Financial Statement Analysis for Smart People (otherwise priced at Rs 5,900)
- Archives: Instant access to our huge archive from the past three years