Costco | June 2025

Few companies have haunted my investing mind like Costco. When I first researched it three years ago, I was impressed, but did not invest due to its high valuation. Since then, the stock has doubled. Ouch. A classic error of omission. But what makes Costco worth watching in the first place? In a sector often plagued by sameness and razor-thin margins, Costco stands out with a rare and powerful competitive edge: scale economies shared. Instead of hoarding the benefits of scale, Costco gives them back to its customers. That’s what makes it not just a retailer, but arguably one of the best businesses on the planet. Let’s explore whether Costco is just as compelling from an investment perspective...

Disclaimer:
Nothing in this podcast can be considered financial advice. This is for educational purposes only. We may hold positions in the businesses discussed. Do your own research.

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