Soy sauce?!
After reading a book on Warren Buffet's investment philosophy in detail, one concept in particular stuck in my mind:
#consumermonopoly : What products must a store carry to stay in business?
Of course, we all immediately think of $KO (-0,18%) or $PEP (-0,08%) . If you don't get products from these brands in the supermarket, restaurant or gas station, you're disappointed... They are, so to speak, a kind of default option that is offered by default. We know the taste and have become accustomed to it!
I have a similar impression of the soy sauce that we get in Asian restaurants. I, at least, always notice that the same small glass bottle with a red lid is almost always served at the table. The Japanese company behind it is Kikkoman.
$2801 (+0,48%) Kikkoman is primarily known as a manufacturer of soy sauce. The company has a long history and is one of the world's leading producers of soy sauce. In addition to soy sauce, Kikkoman also offers a range of other products such as teriyaki sauce, mirin (sweet rice wine) and various condiments. Kikkoman's soy sauce is known for its quality and characteristic taste, which is achieved through traditional brewing methods.
Fancy some sushi or an investment? I can't wait to hear what you think about the company and the idea! Even if the company is not exactly cheaply valued, is this perhaps a company with an insurmountable long-term moat?