Munger has been a loyal supporter of Costco, calling it one of the best investments of his life, but Buffett was never convinced that it could be a home run.
Warren Buffett and his longtime business partner Charlie Munger almost never butt heads, but there has been one rare area of disagreement between the two investment legends. The 99-year-old Munger has been a loyal, stalwart supporter of Costco Wholesale Corp., calling it one of the best investments of his life — and vowing to never sell a single share. But the 93-year-old "Oracle of Omaha" was never really convinced that the membership-only, big-box store could be a home run.
You really have to set out to do it and then do it with enthusiasm every day, every week, every year for 40 years. It's not so damned easy." Munger owned 188,000 shares of Costco as of October, according to FactSet. Costco has grown from less than $5 a share in the early 1980s to more than $560 a share today. Berkshire had previously held a 1% stake in Costco, but the owner of Geico insurance and the BNSF railroad, exited the position in 2020.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Buffett colleague Charlie Munger: Investing is ‘like a poker game’Warren Buffett's right-hand man counsels patience and knowing what you don't know.
Lire la suite »
Charlie Munger Will Take Your Questions Now‘Why should he try and pick his own stocks? He doesn’t design his own electric motors and his egg beater,’ Berkshire Hathaway’s vice chairman muses on investing
Lire la suite »
Costco Shoppers Are Raving About a 'Fantastic' New Sweet SnackYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Lire la suite »
Costco has solved a problem Walmart and Kroger are still fightingThe warehouse club has some surprising news for members that might win it some more business.
Lire la suite »
Costco Just Brought Back the Fall Dessert Everyone's Been Waiting ForYour ultimate source for expert nutrition tips and health advice, covering wellness, healthy recipes, cooking hacks, food news, style trends and shopping.
Lire la suite »