When a manager with a good reputation meets an industry with a bad reputation. It is normally the industry that leaves with Its reputation intact Attributed to Warren Buffett
“When a manager with a good reputation meets an industry with a bad reputation. It is normally the industry that leaves with its reputation intact.” Attributed to Warren Buffett
Looking to improve an industry? -Economies of scale (Variable fixed costs) Economics of scope (Tie to better industries) Branding (Informational differentiation)
Looking to improve an industry? -Economies of scale (Variable → fixed costs) -Economics of scope (Tie to better industries) -Branding (Informational differentiation)