Why I Like "Regulated" Industries And Hate Competition

Warren Buffett is a big fan of “moats” that protect your investment, but probably the largest ones in America are industries that are “regulated”, thus constructing the supply of competition. There are only a handful of such business sectors, and I have been fortunate enough to be involved in two of them: billboards and mobile home parks. In fact, this reality is my #1 attraction to mobile home parks

In this video, I discuss why and how some industries get regulated, what makes some safe from later deregulation, and how the absence of competition is obviously great for your investment returns and security.

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