“There is a certain mystique attached to products with geographical uniqueness. Maybe grapes from one little 80-acre vineyard in France are really the best in the whole world, but I have always had a suspicion that 99% of it is in the telling and about 1% of it is in the drinking.”
Warren Buffet in a letter to Chuck Huggins
Dec. 13, 1972
See’s Candies was one of the first companies Warren Buffet’s Berkshire Hathaway bought outright. Immediately after, Buffett installed Charles Huggins as the CEO and wrote him a letter.
The best don’t always win.
Letter from Saber Capital Management | Zach Crockett
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