"Warren Buffett has built billion-dollar stakes in Apple, Coca-Cola, Kraft Heinz, and other household names. Yet See's Candies, a California seller of boxed chocolates, is the investment guru's ""dream business."""

"The so-called Sage of Omaha's has praised See's outsized financial returns, modest capital needs, economic moat, quality personnel, and the chocolates themselves."

"Probably the biggest reason for Buffett's love affair with See's Candies is the enormous return he's made on his investment: north of 8,000% since 1972."

"""I almost blew the See's purchase,"" he wrote in his 2007 letter. ""The seller was asking $30 million, and I was adamant about not going above $25 million. Fortunately, he caved. Otherwise I would have balked, and that $2 billion would have gone to somebody else."""

"Selling chocolates for cash means the business takes in revenue immediately, and a short production and distribution cycle minimizes the volume of funds tied up in inventory, he wrote in his 2007 letter."

"See's has only required $40 million in investment from Berkshire Hathaway to generate upwards of $2 billion in profits for the conglomerate."

"Two of the key competitive advantages of See's are its famous brand and loyal customer base, which make it easy to charge more and tough for rivals to steal business."

"""They had taken a box on Valentine's Day to some girl and she had kissed him … See's Candies means getting kissed,"" he added. ""If we can get that in the minds of people, we can raise prices."""

"""Charlie and I put Chuck Huggins in charge of See's about five minutes after we bought the company,"" he wrote in his 1988 letter. ""Upon reviewing his record, you may wonder what took us so long."""

"From what we can learn, practically no one besides See's has made significant profits in recent years from the operation of candy shops. Clearly, Chuck's record at See's is not due to a rising industry tide. Rather, it is a one-of-a-kind performance."""

"Buffett's appetite for See's chocolates may also be a factor in his fondness for the company. See's products have been sold at Berkshire Hathaway's annual meeting for years."