efficient scale
1 statements across 1 episodes · 0 bullish · 1 bearish · 1 people on the record · first statement Sep 6, 2021 by Mike Tian · across every show →
Everything said about efficient scale, oldest first
Sep 6, 2021 negative
Tian: Efficient scale is the weakest moat because competitors act irrationally.
“And number five, which is really the least important mill source, I think, is efficient scale. And that's the idea that You have a very niche market that perhaps can only support one player. And if somebody else were to get into it, you will destroy the econom…”