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IFB362: Why Some Stocks Always Seem Expensive
Welcome to the Investing for Beginners podcast, episode 362. Today, Dave and Andrew explore the concept of competitive advantage period (CAP), a valuation tool associated with Michael Mauboussin. They'll discuss how CAP helps explain why certain businesses maintain higher valuations over longer periods and its implications for investors.
[00:00:32] Introducing competitive advantage period (CAP), a valuation concept associated with Michael Mauboussin's writings.
[01:08] CAP explained: Period where outstanding businesses maintain excess returns due to competitive advantages.
[02:38] CAP helps…
The skinny
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