A common mistake is thinking strategy is about beating your rivals. And therefore, the companies with the biggest moats are the ones with the most vanquished competitors.
In today’s Money Morning…hindsight, regret, and inevitability…venture capitalists and unicorn hunting…assessing an idea’s worth like a venture capitalist…imagining the future…and more…
And on the first trading day of 2022, the Australian share market climbed to fresh peaks, with the All Ordinaries Index reaching a record high of 7,931.