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Acquired Podcast S13E2: Costco
What a banger of an episode and it made me realize I don't own enough Cotsco shares. I already spend exorbitant amounts of money with Costco. Why not spend even more on shares? I started buying in early COVID 2020 around $311/sh and added again in August and October 2020. I added once more in Mar 2023 but I need more. Now I have a standing rule that any time $COST falls into a 10% decline from ATH, I'm adding shares. That's it. That's the rule.

So I just added 13% more shares at $540.02/sh.

No, I didn't buy shares only because of a podcast. I know Costco is priced at a premium right now by almost any metric you can look at. I'm unconcerned. The moat they've built is one of the largest I can think of. Management is exemplary. And international has barely been touched. They have 153 warehouses outside of the US and Canada. They have so much room for methodical expansion. Whenever I hear questions like "Which company would you want to hold for 20 years if you could never sell?", Costco has to be up near the top.

Also, I just ordered myself a Kirkland Signature sweatshirt because how did I not already have one? I already have bought shoes, dress pants, joggers, jackets, and socks from Costco but how how how did I not own a Kirkland Signature branded sweatshirt? Rectified!

www.acquired.fm
Costco | Acquired Podcast
The complete podcast (and transcript!) of Costco’s history and current business strategy.

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