Ben Gilbert: belief

Transcript context

…Totally. We’ve had Hamilton on the show. He’s amazing. Go read the book if you haven’t. He identifies seven powers, essentially sources of defensibility being (which he defines as) long-term differential profit margins versus your competitors, as we’ve been talking about on the whole show. The seven that he identifies are counter-positioning, scale economies, switching costs, network economies, process power, branding, and cornered resources. We almost always talk about network economies. We talk about counter positioning on this show. Sometimes we talk about branding. I think we’re talking about none of those this time. Yeah. We sometimes talk about scale economies, which we’re going to definitely talk about here. But I think we’re going to have our first process power if I’m going to forecast, but let’s start. Let’s go down the list. Counter-positioning.…

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