Do you prefer manufacturing business or service based business?

There is no right or wrong answer to it as it depends on the value that the company is able to bring in return for your investment capital.

Either way, we can use both to help us to build our investment portfolio that is capable to help us reach our investment objective.

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Personally service based even though it can be copied but if the service provided has network effects and can scale rapidly, then it will have a defenisve moat in the long run.

For manufacturing business, you will need to have high startup cost and capital cost and also real estate to run the business. You incur huge cost to run the business.

Overall, by looking at the track record of the company finances will one be able to make a better decision.
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Service has less bugbears and able to adapt faster.

Of course the boss and management team are everything.

A manfuacturer with a lousy product can pivot fast if the management team is great.

soooo for me, i rather look at the management and executive level.

Definitely service based for me. Maunfacturing tends to have high CAPEX and one feature i like about service based business is once their investments been 'amortised' in, they start to have operational leverage.

For manufacturing the sweet spot seems to be when production is gaining traction and the backlog orders/ contracts are piling up. Otherwise, not my preference.