Charlie Munger Quotes About Candy

Quotes about: Candy

• See's candy company was the first high-quality business we ever bought.

  Charlie Munger

  Quality, Firsts, Company

• Well in the history of the See's Candy Company they always say, "I never did it before, and I'm never going to do it again." And we cashier them. It would be evil not to, because terrible behavior spreads.

  Charlie Munger

  Evil, Would Be, Behavior

• It takes almost no capital to open a new See's candy store. We're drowning in capital of our own that has almost no cost. It would be crazy to franchise stores like some capital-starved pancake house. We like owning our own stores as a matter of quality control.

  Charlie Munger

  Crazy, House, Quality

  Charlie Munger's comments on Wesco and Berkshire Hathaway at the 2001 Wesco Financial Annual Meeting, www.tilsonfunds.com. May 2, 2001.

• We regard using [a stock's] volatility as a measure of risk is nuts. Risk to us is 1) the risk of permanent loss of capital, or 2) the risk of inadequate return. Some great businesses have very volatile returns - for example, See's [a candy company owned by Berkshire] usually loses money in two quarters of each year - and some terrible businesses can have steady results.

  Charlie Munger

  Loss, Years, Nuts

  Charlie Munger's comments on risk at the 2001 Berkshire Hathaway Annual Meeting, www.tilsonfunds.com. April 28, 2001.

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