We award a narrow economic moat rating to Femsa based on the intangible assets and cost advantages at major subsidiaries Coca-Cola Femsa and the Oxxo small-format retail chain, which jointly make up ...
"They get used to it and they like it," Munger explained. Munger drew parallels to Coca-Cola, a brand that also enjoys extreme loyalty. People don't just buy Coke; they defend it as part of their ...