Toll roads and tollbooth businesses
Buffett's term for a business that clips a fee on activity it does not have to fund. There is no dedicated literature; the Buffett source texts and the moat and pricing-power books are where the idea is actually worked out.
8 books · 10 people behind it
Start here
- The Little Book That Builds WealthPat Dorsey, 2008
- BuffettRoger Lowenstein, 1995
- 7 PowersHamilton Helmer, 2016
The people behind it 10
Each person holds a book in this entry or names it in their own tags.
Investors 3
Academics 3
Strategists 2
Journalists 2
Books 8
Michael E. Porter · 1985 · The value chain, and where in it profit is defensible.
Warren Buffett, Lawrence A. Cunningham · 1997 · Where the toll-bridge language originates, in Buffett's own words.
T1 7 Powers
Hamilton Helmer · 2016 · Seven sources of durable power, each with its own economic test.
T2 Buffett
Roger Lowenstein · 1995 · Traces the toll-bridge and newspaper analogy through the actual investments.
Bruce Greenwald, Judd Kahn · 2005 · Barriers to entry as the only durable source of a toll.
Pat Dorsey · 2008 · Morningstar's moat taxonomy in its shortest form.
Lawrence A. Cunningham, Torkell T. Eide, Patrick Hargreaves · 2016 · The business attributes that let a firm take a toll year after year.
Heather Brilliant, Elizabeth Collins · 2014 · Moat ratings applied sector by sector.