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This castle term describes a durable competitive advantage that keeps rivals from stealing a company's profits.
Economic Moat
True or False: Dorsey says you should sell a stock simply because its price has dropped a lot since you bought it.
False
eBay's dominance in online auctions is the example of this type of moat, where the more buyers and sellers join, the more valuable the platform becomes.
Network effect
Dorsey calls what the four most expensive words on Wall Street.
It's different this time
Stryker and Zimmer keep customers loyal because surgeons must be retrained to use a competitor's product this is called high what?
switching costs
When speaking of the seven mistakes to avoid, Dorsey says what should not be done when the market is down?
Panic selling
This low cost airline flies passengers 25% cheaper per mile than competitors, showing moats in difficult industries.
Southwest Airlines
In the Trader Tim vs Long term Lucy example, how much more does Lucky end up with after the 30 years in comparasin to Tim?
A. 3x
B. 4x
C. 10x
D. 2x
C (92,000 vs 30,000)
Based on a study Dorsey cites, this % of nasdaq firms were delisted from 1997 to 2002, showing the risky swinging for fences on small growth stocks. (Answer in a %)
8%
As of mid 2003, Palm shares plunged what %?
98%