// OVERVIEW
Capital-light candy company acquired by Berkshire Hathaway in 1972; Buffett's canonical example of a cash machine.
Discussed in
// RECENT MENTIONS
// SIGNALS
2 SIGNALS
01
mention·Stratechery·JUNE 2, 2026
“BNSF's net income was $5.5 billion on revenue of $23.4 billion... the total amount that Berkshire Hathaway has made from See's Candies is probably less than $3 billion.”
Source→02
mention·Stratechery·JUNE 2, 2026
“We bought See's for $25 million when its sales were $30 million and pre-tax earnings were less than $5 million... pre-tax earnings have totaled $1.35 billion.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.