Every argument we have derived, by kind of advantage

A company in here is hard to displace because it —

These are reasons to hold rather than reasons a rival cannot displace it. They do not complete the sentence, so they are not forced into a kind.

19 carry labels the table does not name yet: float income, funding advantage, volatility harvester, geographic diversification, network ownership, sole-source franchise, stockpile replenishment, budget certainty, strategic deterrent monopoly, innovation cadence, technology moat, supply chain resilience, asset repricing, deposit stickiness, category leadership, supply chain moat, omnichannel leverage, franchise royalty, architectural moat.

by company by argument

AdobeADBE4 reasons Align TechnologyALGN4 reasons Amazon ComAMZN4 reasons American ExpressAXP4 reasons AppleAAPL4 reasons AtlassianTEAM4 reasons Automatic Data ProcessingADP4 reasons BroadcomAVGO4 reasons Burlington StoresBURL4 reasons Capital One FinancialCOF4 reasons CaterpillarCAT4 reasons Chubb LtdCB4 reasons CitigroupC4 reasons CloudflareNET4 reasons Cme GroupCME4 reasons Coca ColaKO4 reasons CumminsCMI4 reasons Darden RestaurantsDRI4 reasons Dominos PizzaDPZ4 reasons DoverDOV4 reasons Eaton Corp PlcETN4 reasons Emerson ElectricEMR4 reasons FortinetFTNT4 reasons Intercontinental ExchangeICE4 reasons Lockheed MartinLMT4 reasons McdonaldsMCD4 reasons Meta PlatformsMETA4 reasons MetlifeMET4 reasons MongodbMDB4 reasons Morgan StanleyMS4 reasons NucorNUE4 reasons NvidiaNVDA4 reasons Ppg IndustriesPPG4 reasons Regeneron PharmaceuticalsREGN4 reasons Rockwell AutomationROK4 reasons Royal Caribbean Cruises LtdRCL4 reasons StarbucksSBUX4 reasons TerexTEX4 reasons Texas InstrumentsTXN4 reasons Ulta BeautyULTA4 reasons United Parks & ResortsPRKS4 reasons Us BancorpUSB4 reasons Vital FarmsVITL4 reasons Williams SonomaWSM4 reasons Yum BrandsYUM4 reasons ZscalerZS4 reasons

each kind, on its own page

Cost and scale advantage →Switching costs, data moats and network effects →Pricing power and brand →Scarcity assets and regulatory position →Distribution density →Service annuity →