Charlie Munger: ‘Costco presents some danger to Amazon’

Yahoo Finance Video

Wed, Feb 24, 2021, 2:34 PM

In this article:

Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, shares his thoughts on Costco vs. Amazon.

Video Transcript

CHARLIE MUNGER: Costco, I do think, has one thing that Amazon does not. People really trust Costco to be delivering enormous values. And that is why Costco presents some danger to Amazon. Because they've got a better reputation for providing value than practically anybody, including Amazon.

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Charlie Munger: ‘Costco presents some danger to Amazon’

Video Transcript

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