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Bendub see's that Bashir and LettyVision have been DM'ing #fishtanklive
22,230 просмотров • 3 месяцев назад •via X (Twitter)
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![Mohnish Pabrai: "See's is a wonderful business. It taught [Warren Buffett and Charlie Munger] a lot. It taught them more than they ever thought they'd learn from a stupid candy business." "Both [Warren] and Charlie were amazed that you could have a business where you are continuously raising prices significantly above the rate of inflation — and there is no resistance from the customer base to accepting those prices. That gave them a huge lesson in brands." "They paid 3x book value for See's. They were choking almost when they paid that amount. I think they bought See's for $25 million. Looking back, they could have paid $200 million and it [still] would have been great." "If they had not bought See's, they would have never bought Coke. The lessons that they learned about branding and the power of brands is what led to the Coke investment — which was a much bigger home run." (h/t My First Million)](https://image.24vids.com/tw-2064411202630144181/amplify_video_thumb/2064366106643464192/img/8d6_81KQsdz634L4.jpg)
