Core Insights - The analysis focuses on high-quality companies that can outperform the market over the long term due to competitive advantages and high levels of defensibility [1] Group 1: Investment Focus - The focus is on European and North American companies, without constraints regarding market capitalization, ranging from large cap to small cap [1] Group 2: Analyst Background - The analyst has an academic background in sociology, holding a Master's Degree in Sociology with an emphasis on organizational and economic sociology, and a Bachelor's Degree in Sociology and History [1]

One and a half years ago, I published my last article about MSCI Inc. ( MSCI ). And after I had been rather bearish in previous articles about the stock, I saw the picture improving asMy analysis is focused on high-quality companies, that can outperform the market over the long-run due to a competitive advantage (economic moat) and high levels of defensibility. Focused on European and North American companies, but without constraints regarding market capitalization (from large cap to small cap companies).My ...

Core Insights - The analysis focuses on high-quality companies that can outperform the market over the long term due to competitive advantages and high defensibility [1] Group 1: Company Analysis - Zoetis Inc. (ZTS) was previously covered in October 2021, but the stock was not deemed attractive due to extremely high valuation multiples [1] - The analysis emphasizes a focus on companies in Europe and North America, without constraints on market capitalization, ranging from large cap to small cap [1] Group 2: Analyst Background - The analyst has a Master's Degree in Sociology with a focus on organizational and economic sociology, and a Bachelor's Degree in Sociology and History [1]

Moats and Defensibility in the AI Era - Moats still matter, and largely remain the same, focusing on differentiation and defensibility [3][5] - AI is an incredible tool for differentiation, but the AI itself is not necessarily a source of defensibility [4][6] - Defensibility resides in owning the end workflow, becoming the system of record, having a network effect, and deeply embedding within the customer [7] - Data network effects become apparent at large scale, requiring mega-scale to be evident [8] Software and Market Dynamics - The market opportunity for software is shifting from IT spend to labor, as software can now perform tasks previously done by humans [1][7] - The barrier to creating software has decreased dramatically, leading to more supply [3][22] - Incumbents overshoot the market with excessive features, creating opportunities for new entrants [18][19] - Per-seat pricing models are being challenged as AI reduces the need for as many seats, potentially shifting to per-outcome pricing [14][15][16] Green Field Opportunities and New Company Creation - Green field opportunities require patient entrepreneurs and a high rate of new company creation [27][34][35] - Companies in the "Goldilock zone" of irrelevance, like payroll companies, are hard to displace [26][28][29] - The messy inbox problem, where AI extracts data from unstructured sources, creates a wedge for new companies to disrupt existing workflows [102][103] OpenAI and the Future of AI - It is unrealistic to believe that OpenAI will build applications for every market [59] - Part of the product value is orchestrating work across different model companies [60] - OpenAI should focus on being the backend platform for developers and building large consumer brands [74][79][80]

Maor Shlomo is the Founder and CEO of Base44, the AI building platform that Maor built from idea to $80M acquisition by Wix, in just 8 months. Today the company serves millions of users and will hit $50M ARR by the end of the year. Before Base44, Maor was the Co-Founder and CTO of Explorium. ----------------------------------------------- Timestamps: 00:00 Intro 01:13 The Decision Behind Selling Base44 11:56 How Base44 Thinks About Defensibility 16:37 Mapping the Future of the Market in 3–5 Years 23:18 I’m ...

At the very beginning, you need to nail your core use case and build the growth machine around the core use case. Then you start the optimization phase and those small optimizations, they're going to compound and you need to make it really at speed. At some point when you feel that you nailed that core use case, you need to build defensibility and defensibility cannot build through those small moves.You really need to make a mode of defensibility. Built a great product with clearly defined broad need that c ...

RT 11AM w/ Seed Club (@11AMdotclub)defensibility?@0xMert_ just wants to help userssimple as"If it helps our users, we'll also do that. And so we don't have holy principles other than what's here, which that says increase bandwidth, reduce latency. And because once you do that, then everything else kind of takes care of itself." ...

Core Insights - The investor has held a position in Henkel AG for over two years, primarily benefiting from dividends without significant capital appreciation [1] - The analysis emphasizes the importance of investing in high-quality companies with competitive advantages and defensibility, focusing on European and North American markets [1] Company Analysis - Henkel AG is viewed as a long-term investment opportunity, although the investor has not experienced substantial gains beyond dividend income [1] - The investor's strategy includes a broad market capitalization approach, indicating flexibility in investment choices from large to small cap companies [1] Academic Background - The investor possesses a Master's Degree in Sociology with a focus on organizational and economic sociology, along with a Bachelor's Degree in Sociology and History [1]