Thanks again for watching. Let me know if you have any questions in the commnents!
It's important to mention - people talk about "moat" for this exact reason - it's to determine how long the company's net income will be stable in the face of margin-reducing competition. It's also why anticompetitive companies are more expensive, like I alluded to with google in the first video.
Hopefully you can also see in this video exactly *how* the market is forward looking. When people trade stocks you can literally see the math of how people are expecting the future to play out. Thinking something will grow is NOT ENOUGH to consider something an investment. It may already be "priced in".
Here's Part 1:
Here's Part 2:
註釋
I strongly advocate you watch the first two videos before watching this final installment.
Also, be sure to give a follow. I try to post helpful ideas all the time. Cheers!