How See’s Changed Warren Buffett And Charlie Munger

Anyone who has spent a lot of time studying the career of Warren Buffett will know there have been several occasions over the past eight decades where he has made a notable shift in direction towards a different style of investing.

Perhaps the most important was his decision to acquire See’s Candy.

From Value To Quality

See’s was acquired through Blue-Chip stamps, another business Buffett had bought control of with his business partner Charlie Munger.

Blue-Chip is an important part of the story as it provided the capital to acquire the candy business in the first place.

Q3 2022 hedge fund letters, conferences and more

When Buffett and Munger first laid eyes on...