A Quote by Charlie Munger
See's candy company was the first high-quality business we ever bought.
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I’d say that Berkshire Hathaway’s system is adapting to the nature of the investment problem as it really is. We’ve really made the money out of high quality businesses. In some cases, we bought the whole business. And in some cases, we just bought a big block of stock. But when you analyze what happened, the big money’s been made in the high quality businesses. And most of the other people who’ve made a lot of money have done so in high quality businesses.
After Cadbury, the candy company, separated from Dr. Pepper, the soft drinks maker, Cadbury was able to substantially lower its debt load. The profits of Cadbury, the candy company, zoomed.
I was always a kid trying to make a buck. I borrowed a dollar from my dad, went to the penny candy store, bought a dollar's worth of candy, set up my booth, and sold candy for five cents apiece. Ate half my inventory, made $2.50, gave my dad back his dollar.
I like to work out. I work out hard when I get to it, but it's so sporadic, I'm not sure it counts at all! I eat pretty much anything, but I eat high-quality food. There was never a packet of chips or box of candy in my house when I was growing up. Ever.
Some years ago one oil company bought a fertilizer company, and every other major oil company practically ran out and bought a fertilizer company. And there was no more damned reason for all these oil companies to buy fertilizer companies, but they didn't know exactly what to do, and if Exxon was doing it, it was good enough for Mobil and vice versa.
The worst thing about Halloween is, of course, candy corn. It's unbelievable to me. Candy corn is the only candy in the history of America that's never been advertised. And there's a reason. All of the candy corn that was ever made was made in 1911. And so, since nobody eats that stuff, every year there's a ton of it left over.
Now, most of the time you couldn't be too sure of the quality of the drug. Although, in my experience the stuff was always of a very high quality, because back then we didn't have business majors peddling lower-quality stuff in an effort to increase profits.
There is a business here first of all, as a company and secondly, the ability to make films that audiences want to see and wouldn't get the opportunity to see. It's exciting. That's where our whole thought process originated from.
It's about having a comprehensive vision that includes things like social supports while providing a high-quality education. It seems obvious, but when you look at schools that are really struggling, you don't see high-quality education.
I'll never forget my worst business decision. I bought a Nissan Pathfinder with my first signing bonus. I didn't even have a place to live, but I bought a car. Not a smart move but, believe me, I learned from that mistake.
I'm out talking about this company (General Electric) seven days a week, 24 hours a day, with nothing to hide. We're a 130-year-old company that has a great record of high-quality leadership and a culture of integrity.
The Strauss Group identified water as a strategic category presenting significant business opportunity in line with the Group's long term business strategy and vision. We view the development of a technology that enables high quality drinking water for both home and offices as a means to improve the quality of life of millions of people.
You know, I'm behind my company. My company has been a big part of my life. And it's not that I been buying a company or that my father bought a company and tried to do something out of it. You know, it's not the same thing. It's my name, it's my company, it's my signature.
When I bought my house in L.A., that was the best business decision I ever made, until the housing market crashed, and it became the worst business decision I ever made.
The great thing about candy is that it can't be spoiled by the adult world. Candy is innocent. And all Halloween candy pales next to candy corn, if only because candy corn used to appear, like the Great Pumpkin, solely on Halloween.
The design and creative side is not a problem, but learning how to run a company as a young creative has been challenging. There is so much more on the business side than I ever considered when I first started making jewelry in my kitchen. It has been a challenge keeping up with the company's success, and I have had to learn from my and others' mistakes as I go.
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