Charlie Munger says Costco has key advantage over Amazon: Here’s why – Fox Business
Amazon has emerged as a dominant force in the burgeoning e-commerce sector, but Costco still holds a key advantage over its retail rival, according to famed investor and Berkshire Hathaway vice chairman Charlie Munger.
“Costco, I do think, has one thing that Amazon does not. People really trust Costco to be delivering enormous values,” Munger said during the Daily Journal Corporation’s annual shareholder meeting, according to Yahoo Finance. “And that is why Costco presents some danger to Amazon….