30min chapter

Acquired cover image

Charlie Munger

Acquired

CHAPTER

Costco: A Rare Opportunity

In this chapter, the speaker discusses the virtues of Costco, highlighting its lower prices, efficient stores, wide parking spaces, and special benefits for customers. They explain why they believe Costco is a rare opportunity in a lifetime and discuss the business model of the company that prioritizes low capital costs and high turnover. Advice on betting heavily on companies when you have an edge and developing conviction in investment decisions is also given.

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