Warren Buffett’s Dream Business Is See’s Candies

  • Warren Buffett holds large stakes in Apple and Coca-Cola but his “dream company” is See’s Candies.
  • In 1972, the legendary investor purchased the California boxed chocolate seller.
  • Buffett has praised See for his profits, modest capital requirements, economic moat and personnel, as well as his products.

Warren Buffett has owned billion-dollar stakes in Apple and Kraft Heinz, among other household names. Yet, See’s Candies is the California boxed chocolates seller and investment guru’s “dream company.”

Since 1972 when he purchased See’s, Buffett has repeatedly praised See’s achievements. Charlie Munger, his partner in investment, and Buffett have “earned exceptional return and had fun,” he wrote. 1991 letter to shareholders. “We would love more economic interest in See’s but haven’t found a way for us to add to a 100% share.” he wrote in his 1994 letter.

The Sage of Omaha’s has been a fan of See’s high financial returns, modest capital requirements, economic moat, quality staff, and the chocolates. Below is a look at each aspect.

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