High Gross Margins? Hard Pass
28:11–28:39 · 28s
Tobias delivers a contrarian take: he hates high gross-margin businesses because fat margins attract competition; he prefers low gross, strong net — a signal of durable execution.
28:11–28:39 · 28s
Tobias delivers a contrarian take: he hates high gross-margin businesses because fat margins attract competition; he prefers low gross, strong net — a signal of durable execution.
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