Why Charlie Munger Loves Costco (No Matter How Expensive The Stock Is)

One of Charlie Munger’s favorite investments is Costco, and when I say one of his favorite investments, I mean his second favorite. Based on the information he has disclosed, Costco is his second largest personal investment, alongside Berkshire Hathaway. As Munger does not talk about his investments regularly or disclose them as Warren Buffett has to at Berkshire, we cannot be sure if this is still the case, but it is based on past information. What’s so significant about this position is the fact the billionaire investor believes it’s one of the best companies on the market, as evidenced by…