"I think many, including @crazypunter, forget that REH's phenomenal performance is all about its competitive advantage, not about the mismanagement of its competitors. When you have so much market share, and a huge competitive advantage, what your competitors do is only ever likely to be of marginal significance."
As I have observed to myself many times over the past 2 decades, one of the toughest management gigs in the corporate world is surely:
CEO of Tradelink
Climbing into the arena every day to do combat with the unrelenting Reece behemoth.
Ugh.
It would be like boxing against an invisible opponent who has fifteen arms, each with a five meter reach.
REH moat, page-157
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Last
$25.02 |
Change
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Mkt cap ! $18.39B | |||
| Open | High | Low | Value | Volume |
| $24.83 | $25.27 | $24.62 | $24.82M | 990.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 4828 | $25.02 |
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| Price($) | Vol. | No. |
|---|---|---|
| $25.04 | 1239 | 1 |
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