You want to buy strong businesses that defy the law of capitalism. When businesses grow bigger, more profitable, they attract more competitors. This causes profits to fall. Margins shrink. Simply put, this is the law of capitalism. For companies that defy the law of capitalism: they grow bigger, more profitable over time. They attract competitors. But these companies continue to grow despite competition. Their business model and unique competitive advantage gives them a natural monopoly in their industry. But I’m not talking about natural monopoly today. Instead, there are companies that defy the law of capitalism because of a regulated monopoly. Vicom Defies the Laws of Capitalism I’ll explain. Vicom Ltd (SGX:WJP) is the largest vehicle inspection business in Singapore. A market cap of S$700 million, Vicom dominates the vehicle inspection industry with a 74% market share. Vehicle inspection is a lucrative business....