There's a lot of opportunity for Costco but with that opportunity comes risk and in terms of opportunity for growth I would imagine at least some sort of maturity in the US market for Costco. With Costco they have pricing power you know they have to maintain and make sure that they give their customers the best deals. If they raise their membership cost at a more aggressive rate they wouldn't lose a lot of their members like Chipotle did.
IN THIS EPISODE, YOU’LL LEARN:
02:00 - What led Chris into being so passionate about studying Warren Buffett and Charlie Munger.
08:45 - Why Chris chooses to allocate most of his portfolio to index funds.
17:18 - Why Chris typically avoids investing in more mature companies.
23:20 - How Warren Buffett’s definition of risk differs from that of the academics.
29:14 - What makes Costco such a great business.
36:21 - The opportunities for growth that Costco will be pursuing.
55:22 - How Warren Buffett and Charlie Munger’s investment strategies differ.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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