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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Network effect

Fundamental analysis

A moat in which each additional user makes the product more valuable to every other user.

In plain terms

The test is whether a rival with unlimited money could assemble the same users in five years. If so it is a head start, not a moat.

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Indian stock market glossary · Market Vidyalaya