as the title states, i very well understand why barriers to entry play an extremely important role in a sucessful growth story, and, generally altough not necessarily, investing story but that being said, i think that the other forces (here i am referring to Porter's framework) [i am thinking labour cost/war prices/etc] do make a great difference in the long term growth prospects of a company.
still, wherever i read something on the topic, be it financial papers or financial thesis or books, everyone seems to be on the same page and because i definetely don't pretend to be better than any of these guys (perish the thought!) i would very like to understand why this is (assuming this is effectively the correct view, that is)
as always, many of the contributors of this forum are finance professionals and thus i feel obliged to thank you in advance for your very precious time, should it be even only for the time you had to spend to read these few lines.
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