Amazing lessons from Warren Buffett and Charlie Munger on See’s Candies. Those are timeless lessons for business owners and investors.
This is my 200th blog post. I thought it would be most fitting given the milestone to write about a topic related to Munger and Buffett.
One of the most important decisions in the history of Berkshire was the acquisition of See’s Candies in 1972. Buffett has called See’s Candies “the prototype of a dream business.” Berkshire’s purchase of a boxed candy business founded by the See family in California fundamentally changed the investing world because it changed the way Buffett and Munger thought about investing. While you may never have the chance to own a business like See’s Candies, by better understanding the nature of a dream business you can more easily find a business to invest in that shares some of its positive attributes.
For anyone not familiar with the company, Bloomberg provides a helpful summary: “See’s Candies produces and retails boxed chocolates. The company was founded in…
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