As Zeke pointed out in January, great companies make good investments but great companies purchased on sale or at reasonable valuations make great investments. Toward the end of the seminar, Matt will walk you through a three-step process in valuing Cisco. Remember, there are no shortcuts or substitutes for understanding your investments. Buy an index fund . But, I've gotten out of turn here.
Valuation is one of the last lessons.
In Lesson 2, Rich walks you through the five competitive forces and provides examples for each that even your cousin Eddie will understand. You know, the one who giggles every time you mention naked calls. In Lesson 3, the Maker team has collaborated on a list of sustainable competitive advantages, with real-world examples of each. We're kinda into this example thing. We walk you through ways to spot competitive advantages like de facto standard, consumer monopoly, low-cost producer, and many others.