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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: mungofitch 🐝🐝🐝 GOLD
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Number: of 21941 
Subject: Re: Use up all our cash and some?
Date: 12/06/23 6:23 AM
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No. of Recommendations: 14
big pharma is working aggressively to suppress appetites. It’s hard to believe any product can successfully reduce my, need, for chocolates in large quantities, but it’s certainly a serious risk factor going forward.

I think there is a narrative that it might be a risk factor, but I'm not buying it.
Among many other things, most chocolate isn't consumed because of hunger, it's to seek the joy of the flavour experience.

I think the much bigger risk factor for the chocolate industry is the supply chain. Most cacao is grown by extremely poor smallholders. That will change, and the supply chain with it. I imagine prices will rise a lot, and artificial flavours have got pretty much nowhere despite decades of effort.

Similarly, the current economics of coffee beans probably doesn't make sense in the long term. It's way too labour intensive.

Still great businesses, but I think those are the biggest risk factors.

Jim
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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