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Charlie Munger on the Investment That Changed Berkshire Forever
At the 2017 Berkshire Hathaway Annual Meeting, Charlie Munger was asked about Berkshire’s best investment decision. He did not pick a stock in the usual way. He pointed to See’s Candy because of what it taught Berkshire about brands, pricing power, and great businesses. Munger said he was not sure Berkshire would have bought Coca Cola if ...
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