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.

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fuzzfactor 7 hours ago | parent [-]

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 6 hours ago \| parent \| next [-]
		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 7 hours ago \| parent \| prev [-]
		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