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See's Candies is Warren Buffett’s ‘dream’ investment

thehustle.co

131–140 of 211 posts

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#131
post #78

Earlier quoted context omitted.

> prelegeri Sorry, I’m having trouble tracking down this term. Could you tell me what it means or what it means in this context?

Speculation: Google Translate says it's "lesson" in Romanian; tsimionescu's name might make that make sense. Possibly connected to https://en.wiktionary.org/wiki/praelego#Latin and the form praelegere to 'read before' in Latin, either the same kind of lecture/lesson sense, or about the parent comment "reading 'regulatory capture' before should really be 'retail capture'"?

You're right about Romanian, and the best translation is "lecture", but it was just a bilingual predictive keyboard-assisted mistype - the best kind of mistype!

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#132

Here's a little history family history related to See's. My great grandpa was a chocolatier. Had his own store in San Francisco in the 30s. WWII hits and chocolate gets rationed. He has to close down his store. See's stays open because they have contracts with the military to provide chocolate for soldiers. See's hires my great grandpa as chocolatier.

Military-grade chocolate.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#133

Earlier quoted context omitted.

Grape sugar

Can you share a link to the product. Googling it only came up with commercial announcements. Is it granular or liquid/syrup?

He might mean glucose, which is known as grape sugar in some languages.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#134

Earlier quoted context omitted.

Grape sugar

Can you share a link to the product. Googling it only came up with commercial announcements. Is it granular or liquid/syrup?

Grape sugar is usually just a fancy name for glucose.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#135

Earlier quoted context omitted.

> he says never invest in tech, never ever. He's repeatedly explained that he doesn't invest in tech (well, until recently) because he doesn't understand it will enough, but has he ever told others not to invest in tech?

They are quite smug and judgmental in their annual meetings towards anything they don’t understand.

That's good; means the good things they don't understand will be priced lower for those who do.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#136

Earlier quoted context omitted.

Grape sugar

Can you share a link to the product. Googling it only came up with commercial announcements. Is it granular or liquid/syrup?

Right. Yes.

Dextrorotative glucose.

Grape sugar, blood sugar, corn sugar, glucose, dextrose. Dex.

Dextrose monohydrate, powder. It tried the syrup from the commodity seller I bought from, but it was too thick, too glassy and I couldn't mix it. Food production facilities get it in that form, however.

But the powder is great, you can get a little 1 pound bag from a brewer to try it, it looks...well it looks like powdered sugar, but fluffier and uses more volume. I buy them bulk, 25 kilo sacks at commodity prices.

Mix like three tablespoons per liter, it mixes easy and produces a foggy, slightly acidic water that eliminates hunger instantly. Promise.

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Now be careful, you have to use a homemade mouthwash immediately afterward to clean your teeth, because this is very yum yum yummy for mouth bacteria. Like a petri dish.

Mouthwash ingredients: xylitol, baking soda, to taste. Like a tablespoon each per liter of tap water. I got it from a dentist online, Dr. Frei or Frey, can't find it anymore on my youtube. But it'll go everywhere the dextrose can go, and your teeth feel so so clean. You can add a drop of bleach to whiten your teeth...and definitely get some mint oil, like for massages, that shit, 100% mint oil. I use peppermint oil, Nature's Truth Essential Oil for aromatherapy. It's taken from the plant, so eh. 5 drops per liter.

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Note that the mouthwash contains no dextrose, you first drink your dextrose, then rinse with the mouthwash and spit the mouthwash out, got that? And use your judgment. Your body will tell you what you're doing right or wrong. It knows what this shit is. You should get instant tangible noticeable effects from both, like immediate dissipation of hunger from dexwater as you drink it, and clean clean mouth with hardened stronger teeth (in 6 seconds) from the mouthwash. Great breath too from the mint.

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Both liquids are highly perishable, so you'll never find them retail. Must be homemade. Like they both last 48 hours. Both rot quickly when in water.

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Hey I could totally use affiliate links. Well I won't, except I will say if you're in Santiago de Chile get your dextrose monohydrate at Venser SA in La Cisterna.

I might post it as a main thread, and link to that post here.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#137

Earlier quoted context omitted.

You always have to rely on somebody if you don't do it yourself.

well, of course, but the Gov. would hopefully have goals better aligned with the population....

Maybe, I personally would trust the 3rd party more, but understand that opinions differ.

I think that the 3rd parties have both more at stake to get it right and are less influenced than the gov.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#138
post #128
post #99

Buffett's MO for subsidiaries is businesses that generate low cost free cash flow that can be leveraged to fund more speculative paper investments. It's very similar to the conglomerate model - arranging for an internal cost of capital lower than you can get on the open market, to fund capital intensive longer term projects. Interestingly Berkshire has never tried to develop any "synergies" whatsoever between its bus…

Basically all true, except every other conglomerate generally wanders into debt, then acts like it's candy, gets hooked and then runs into untold troubles for a while, when the debt and bad deals eventually catch up with them. BRK noticeably avoids debt, prefers all cash deals and keeps a very strong pile of cash laying around just in case.

Berkshire's ability to commit to long-term planning (at least currently) instead of levering up to boost short term returns to equity gives them an advantage over the traditional conglomerate model.

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#139
post #35

i think it also cannot be ignored that his companies and investments are a contributing factor for diabetes and obesity in america and worldwide. he will be dead soon but future generations will have to deal with it.

Quoted post unavailable.

One of Buffett's main investments is (was) CocaCola, and things like https://www.nytimes.com/2018/07/14/world/americas/mexico-coc...

Re: See's Candies is Warren Buffett’s ‘dream’ investment

#140
post #46

Earlier quoted context omitted.

Sounds like the perfect start-up plan: just open a 50 bucks vitamin C store, and the dominant player will buy you out for $$$. Rinse and repeat for infinite money.

There's usually a x-year non-compete agreement when this happens... I know a guy that does exactly what you describe, starting a new garbage pickup service every 3 years, when the agreement elapses. He then works for ~3-4 years to build it back up. Sold twice already, and on his third.

What if there were no agreement? seems like he is the driving successful factor in these businesses, but I'm guessing he'd rather sell his company than get hired by them.

there are example employees I've seen that have this kind of leverage too

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