Warren Buffett Jokes about Charlie Munger LOVING Costco
Channel: Understanding Stocks
Date: 2023-06-07

Warren Buffett Jokes about Charlie Munger loving Costco, its one of Warren Buffett and Charlie Mungers funny moments. 

Charlie Munger, the vice chairman of Berkshire Hathaway and a long-time business partner of Warren Buffett, has long been a vocal admirer of Costco. He has called the company "the best business in America" and has said that he is "a total addict" to its stock.

There are a number of reasons why Munger is so fond of Costco. First, he admires the company's business model, which is based on passing cost savings onto customers. Costco is able to keep prices low by buying in bulk and by operating with a high level of efficiency. This allows the company to attract a large number of loyal customers, who are willing to pay for a Costco membership.

Second, Munger is impressed by Costco's management team. He has said that the company is run by "the best operators in the world." Costco's management team has a long track record of success, and they have consistently been able to grow the company's business and profitability.

Third, Munger believes that Costco has a strong competitive advantage. The company is the largest warehouse club retailer in the world, and it has a loyal customer base. This gives Costco a significant edge over its competitors.

Overall, Charlie Munger is a big fan of Costco. He believes that the company has a great business model, a strong management team, and a competitive advantage. These factors have led him to become a "total addict" to Costco's stock.

Here are some additional reasons why Munger loves Costco:

Costco pays its employees well, which helps to attract and retain high-quality workers.
Costco is a good corporate citizen. It gives back to the communities where it operates, and it has a strong environmental record.
Costco is a good investment. It has a long history of profitability, and it is well-positioned for continued growth in the future.
In short, Charlie Munger loves Costco because it is a great company with a bright future.

Video is from Berkshire Shareholder Meeting Q&A.
Video is edited and end is narrated for educational enhancement.

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