The Legal Research Duopoly, Its Evolution, and the New Threats – Advocating Value
Try, for a moment, to think about the companies you know of with the widest moats. Ask yourself about the most entrenched companies of this generation. Many people will inevitably bring up the massive brand-power of Coca-Cola. Others will start to chime in with the names of various FAANG companies, and with good reason. Aggregators such as Google, Facebook, and Amazon can hardly be challenged in this digital winner-take-most environment we’re living in. If I asked you to focus on a niche area, many in finance would name Bloomberg. The Bloomberg Terminal has definitely proven itself essential for many operating in the finance industry. Yet, I can think of those who can live without it. Every student graduating with a degree in finance certainly isn’t trained on the device extensively, or required to use it when in school. In fact, many state colleges hardly have a single room full of terminals, and the majority of finance and business students get through four years without using one a
Try, for a moment, to think about the companies you know of with the widest moats. Ask yourself about the most entrenched companies of this generation. Many people will inevitably bring up the massive brand-power of Coca-Cola. Others will start to chime in with the names of various FAANG companies, and with good reason. Aggregators such as Google, Facebook, and Amazon can hardly be challenged in this digital winner-take-most environment we’re living in. If I asked you to focus on a niche area, many in finance would name Bloomberg. The Bloomberg Terminal has definitely proven itself essential f
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