Bruce C. Greenwald
More books by Bruce C. Greenwald…
“no forces interfere with the process of entry by competitors, profitability will be driven to levels at which efficient firms earn no more than a “normal” return on their invested capital. It is barriers to entry, not differentiation by itself, that creates strategic opportunities.”
― Competition Demystified: A Radically Simplified Approach to Business Strategy
― Competition Demystified: A Radically Simplified Approach to Business Strategy
“Operational effectiveness can be the single most important factor in the success, or indeed in the survival, of any business.”
― Competition Demystified: A Radically Simplified Approach to Business Strategy
― Competition Demystified: A Radically Simplified Approach to Business Strategy
“value investors prefer to estimate the intrinsic value of a company by looking first at the assets and then at the current earnings power of a company. Only in exceptional cases are they willing to factor in the value of potential growth.”
― Value Investing: From Graham to Buffett and Beyond
― Value Investing: From Graham to Buffett and Beyond
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