Buffett Has History on His Side When It Comes to Candy Moats
- See’s Candies backer says Snickers and M&M’s largely protected
- Big candy makers have maintained market share in recent years
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When it comes to sweets, it’s hard to argue with Warren Buffett.
The billionaire investor -- a longtime backer of See’s Candies who’s known for walking the halls of his annual meetings holding an ice cream -- has argued that big candy brands have so-called moats that can maintain their advantage against new competitors. But fellow billionaire Elon Musk has called that premise into question, saying that moats are “lame.”