• MCX – time is a friend for this business

    I want to find businesses which get better with time like aged whisky. These are businesses which have a competitive advantage which is not only sustainable but grows over time. And that led me to the concept of businesses for which time is a friend. Businesses go through cycles and however strong the business may be, it will face its share of difficult times. These could be due to an external reason such as industry or economy-wide slowdown or due to internal reasons specific to the business. Most business struggle to survive during these so called downcycles. But are there businesses which handle the adversity well and emerge stronger with…