- Warren Buffett owns huge stakes in Apple and Coca-Cola, but his “desire business” is See’s Candies.
- The famous investor purchased the California vendor of boxed candies in 1972.
- Buffett has praised See’s earnings, modest capital wants, financial moat, staff, and items.
Warren Buffett has created billion-greenback stakes in Apple, Coca-Cola, Kraft Heinz, and other household names. But See’s Candies, a California seller of boxed sweets, is the expenditure guru’s “dream small business.”
Buffett has regularly applauded See’s due to the fact purchasing it in 1972. He and his investment decision lover Charlie Munger have “acquired fantastic returns and experienced a very good time,” he wrote in his 1991 letter to shareholders. “We would like to maximize our economic desire in See’s, but we haven’t discovered a way to increase to a 100% holding,” he wrote in his 1994 letter.
The so-termed Sage of Omaha’s has praised See’s outsized money returns, modest capital needs, economic moat, excellent personnel, and the sweets by themselves. We glimpse at each and every part of the business underneath.
