Oustanding Companies - market leader - One of A kind

(1) Companies with any of the Four Types of Economic Moats:

     1. Low-Cost Producer: companies which can deliver their goods or services at a low cost, typically due to economies of scale, can offer lower price to their customers, thus can win over their competitors. E.g. Wal-Mart.
     2. High Switching Cost: companies which cause their customers to have difficulties in switching from their products/services to other suppliers as when they do, they will be to pay a one-time inconveniences/expenses. E.g. mortgage loan from one bank to the other
     3. The Network Effect: companies which have many people using their product/service which cause the value of their product/service increases for both new and existing users. E.g. facebook, google, amazon.
    4. Intangible Assets: companies which have advantages over competitors because the unique nonphysical or intangible assets (patents, trademarks, and copyrights) they have. E.g. Coca Cola, Gillette.

(2) Companies which are able to maintain Consistency and having a good System in all their products/services including all franchising - easy in expanding & monitoring.

(3) "We want to be a large company that is also an invention machine" Amazon's CEO.

(4) Companies which generates much cash in-flows to the companies every year and while the cash is idle, they use the cash to invest into other potential business to generate more cash.