Warren Buffett's favorite business is a little chocolate maker with an 8000% return. Here are 5 reasons why he loves See's Candies.
- Investing guru Warren Buffett may have invested in Apple and Coca-Cola, but his "dream business" is See's Candies, a California seller of boxed chocolates he bought in 1972.
- The so-called Sage of Omaha has praised See's outsized financial returns, modest capital needs, economic moat, quality personnel, and the chocolates themselves.
- Watch Berkshire Hathaway trade live.
Warren Buffett has invested in Apple, Coca-Cola, Amazon, Bank of America, and other household names. Yet See's Candies, a California seller of boxed chocolates, is the investment guru's "dream business."Buffett has frequently applauded See's since buying it in 1972. He and his investment partner Charlie Munger have "earned exceptional returns and had a good time," he wrote in his 1991 letter to shareholders. "We would love to increase our economic interest in See's, but we haven't found a way to add to a 100% holding," he wrote in his 1994 letter.
A return of 8000%
A chocolate cash cowAdvertisement
A brand-loyalty moat
- Connaught Place to remain shut as farmers' tractor parade turns violent
- After violent clashes with police, farmers swarm Red Fort
- DMRC closed entry and exit gates of yellow, green, violet and blue lines in surge of farmers protest
- Delhi Police fires tear-gas shells on farmers near Akshardham temple and Sanjay Gandhi Transport Nagar
- Protesting farmers break barricades at Delhi borders, entering the national capital ahead of time