[chasil]

Berkshire Hathaway has this attitude, with the proviso that the corporate management at the acquired firm must be competent, and the firm be profitable and protected by a "moat."

It's amazing that they trot out Sees Candy every year for the shareholders' meeting when they own GEICO.

It seems that Disney isn't doing this quite right.

[fuzzfactor]

For one thing See's Candy is fundamentally a value-added operation and GEICO is a positive cash flow financial structure which remains competitive by trying not to remove as much value from the customer as the next guy.

[crazypyro]

See's Candy is also what Charlie Munger considered their shift from distressed companies to high quality companies; its sentimental on a company level because it represented a real shift in investment philosophy.

[chasil]

Sees Candy made the wiki.

Services & retailing: Ben Bridge Jeweler, Business Wire, Dairy Queen, McLane Company, NetJets, Oriental Trading Company, Pampered Chef, See's Candies, Star Furniture, WPLG

Manufacturing: Benjamin Moore & Co., Clayton Homes, CTB International, Duracell, Fruit of the Loom, Johns Manville, Lubrizol, Precision Castparts Corp, Scott Fetzer Company, Garan Inc

https://en.wikipedia.org/wiki/Berkshire_Hathaway