Why Buying See’s Candy Was Such A Big Deal For Warren Buffett

One company has had more of an impact on Warren Buffett and Charlie Munger’s investment style than any other, and that is See’s Candy. Q3 2021 hedge fund letters, conferences and more When the duo acquired this company, it marked a significant change in their investment style. After following in the footsteps of Benjamin Graham for all of his career until that point, Buffett’s decision to acquire the business for Blue Chip Stamps in the early 1970s dragged him away from deep value investing. He has never looked back. Over the past 50 years, See’s has become a profit center…