102 mentions across the corpus · positive 29 · negative 5 · neutral 64 · historical 4
Daily Journal Annual Meeting 2019 — Munger Q&A
“If you were in Procter and Gamble, with its culture and its bureaucracy, and you sat down to figure out, 'How can I make Procter and Gamble more like Berkshire Hathaway?'”
Morning Session - 2018 Meeting
“Durasel's earnings were up... There's a lot of rules connected with our swap of our stock and P&G for Duracel.”
"I was wrong" on IBM | August 30, 2017
“P&G was always thought of as having the ultimate muscle because they were so big in so many brands.”
Morning Session - 2016 Meeting
“we exchanged our proctor and gamble stock for cash and for DuraSel. And that accounts for the large”
Afternoon Session - 2016 Meeting
“package good business for the Procter and Campbells and so forth of the war, General Mills”
2015 Berkshire Hathaway Shareholder Letter
“52,477,678 The Procter & Gamble Company .............. 1 . 9 3 3 6 4,683”
Afternoon Session - 2015 Meeting
“Gillette bought the entire radio rights to the World Series in 1939. And as I remember, it cost them $100,000.”
Afternoon Session - 2015 Meeting
“Procter & Gamble and Berkshire Hathaway had tax advantages in doing the deal this way.”
Afternoon Session - 2015 Meeting
“held our stock for over five years in Procter and Gamble...P&G has been very good. great to work with.”
2014 Berkshire Hathaway Shareholder Letter
“contract with Procter and Gamble to acquire Duracell by means of a similar exchange set to close in 2015”
2014 Berkshire Hathaway Shareholder Letter
“52,477,678 The Procter & Gamble Company ............ 1 . 9 3 3 6 4,683”
Morning Session - 2014 Meeting
“big legacy positions in Wells Fargo, Coca-Cola, American Express, IBM, and Procter & Gamble overshadowing the rest”
2013 Berkshire Hathaway Shareholder Letter
“52,477,678 The Procter & Gamble Company ......... 1 . 9 3 3 6 4,272”
Daily Journal Annual Meeting 2013 — Munger Q&A
“This is not good for the Proctors and Gambles and Unilevers of the world, and the Colgates of the world.”
Afternoon Session - 2013 Meeting
“buying 20 of the best stocks in America, Procter & Gamble, Coca-Cola, Johnson-Johnson”
"No question" the global economy is slowing | October 24, 2012
“We still have a lot of your other investments to talk about, including American Express, Procter & Gamble.”
"No question" the global economy is slowing | October 24, 2012
“Procter & Gamble is maybe your fifth largest holding. That could be. There was a story yesterday in the Wall Street Journal that took a look at Bob McDonald, the CEO.”
"No question" the global economy is slowing | October 24, 2012
“the earnings on Procter & Gamble have been disappointing now for a few years...the jury's out on that now because they have disappointed in terms of earnings”
2012 Berkshire Hathaway Shareholder Letter
“52,477,678 The Procter & Gamble Company ........... 1 . 9 3 3 6 3,563”
2011 Berkshire Hathaway Shareholder Letter
“72,391,036 The Procter & Gamble Company .......... 2 . 6 4 6 4 4,829”
2010 Berkshire Hathaway Shareholder Letter
“72,391,036 The Procter & Gamble Company .................... 2 . 6 4 6 4 4,657”
Morning Session - 2010 Meeting
“Coca-Cola isn't going to go away, Procter & Gamble's not going to away, American Express.”
Class B stock split was "easy decision" | January 20, 2010
“Procter & Gamble's gone through this, Kraft's gone through, what other people have done it. I mean, there are ways to handle spinoffs”
2009 Berkshire Hathaway Shareholder Letter
“83,128,411 The Procter & Gamble Company .................... 2 . 9 5 3 3 5,040”
Afternoon Session - 2009 Meeting
“We own a lot of, we own a lot of Procter & Gamble. They make a lot of their money outside of the United States.”
Morning Session - 2009 Meeting
“easier to come to a conclusion on something like Coca-Cola or Procter & Gamble than it is for a person”
Wesco 2008 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)
“P&G and Coca-Cola is in developing world. We have exposure there.”
2008 Berkshire Hathaway Shareholder Letter
“91,941,010 The Procter & Gamble Company ................. 3 . 1 6 4 3 5,684”
2008 Berkshire Hathaway Shareholder Letter
“I had to sell portions of some holdings that I would have preferred to keep (primarily Johnson & Johnson, Procter & Gamble and ConocoPhillips)”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“I'm not in a position to evaluate the internal workings of Proctor and Gamble. I would think you'd be a better position than most of us. No, we own a significant position in Procter & Gamble.”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“when Bankers Trust was selling them to P&G. I mean, can you imagine bamboozling the CFO of P&G?”
2007 Berkshire Hathaway Shareholder Letter
“Procter & Gamble, three of our four largest holdings, increased per-share earnings by 12%, 14% and 14%”
Morning Session - 2007 Meeting
“you name the company. named the company, Procter & Gamble, Coca-Cola, American Express.”
Wesco Financial Annual Letter 2006
“tax-free exchange of Wesco's common shares in The Gillette Company for common shares in The Procter & Gamble Company in connection with the merger”
Wesco Financial Annual Letter 2006
“tax-free exchange of common shares of The Gillette Company owned by Wesco, for common shares of The Procter & Gamble Company ("PG") in the fourth quarter of 2005”
Wesco Financial Annual Letter 2006
“the PG shares Wesco received in connection with PG's acquisition of Gillette in 2005”
2006 Berkshire Hathaway Shareholder Letter
“Coca-Cola, Procter & Gamble and Wells Fargo, our largest holdings, increased per-share earnings by 18%, 9%, 8%”
Afternoon Session - 2006 Meeting
“electronic highways, between Procter and Gamble and Ford Motor and the eyeballs of several hundred million people.”
Afternoon Session - 2006 Meeting
“I think the future of both Gillette and P&G are better as a combined enterprise than they would have been as a separate enterprise”
Afternoon Session - 2006 Meeting
“when the P&G Gillette merger was announced, you called it a, quote, dream deal”
Afternoon Session - 2006 Meeting
“He also wants you to tell him how P&G will be affected by its pharmaceutical business.”
Wesco Financial Annual Letter 2005
“tax-free exchange of Wesco's common shares in The Gillette Company for common shares in The Procter & Gamble Company in connection with the merger”
Wesco Financial Annual Letter 2005
“tax-free exchange of common shares of The Gillette Company ("Gillette") owned by Wesco, for common shares of The Procter & Gamble Company ("P&G") in the fourth quarter of 2005”
2005 Berkshire Hathaway Shareholder Letter
“100,000,000 The Procter & Gamble Company .......... 3.0 940 5,788”
2005 Berkshire Hathaway Shareholder Letter
“Gillette was merged into Procter & Gamble”
2005 Berkshire Hathaway Shareholder Letter
“Gillette's merger with P&G then expanded the potential of both companies.”
“if you were Procter & Gamble, you could afford to use this new method of advertising. You could afford the very expensive cost of network television”
“psychological effects in play in marketing of consumer items, such as Coca-Cola, Procter & Gamble products, Tupperware”
Managers should learn more about investing
“should you buy Coca-Cola or Gillette or something like that, they'll say that's much too tough.”
Morning Session - 2005 Meeting
“if later in the year the Procter & Gamble Gillette merger takes place, we are required under accounting rules when we exchange our Gillette for Procter and Gamble stock”
Morning Session - 2005 Meeting
“should you buy, I guess, Coca-Cola or a Gillette or something like that”
2004 Berkshire Hathaway Shareholder Letter
“Customers by the millions say "I need some Gillette blades" or "I'll have a Coke" but we wait in vain”
Wesco Financial Annual Letter 2004
“we will be pleased to become owners of shares of Procter and Gamble”
Wesco 2004 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“With Gillette, it was excess razor blades sent to distributors.”
2004 Berkshire Hathaway Shareholder Letter
“Let's look at how the businesses of our "Big Four" – American Express, Coca-Cola, Gillette and Wells Fargo”
Afternoon Session - 2003 Meeting
“if you think that a company like the Washington Post, GECO, or Gillette, has a very competitive product”
Coke and Gillette are "inevitable" in their industries
“Gillette now has 71% by value of the blade and razor business in the world... they can't knock off Gillette”
Afternoon Session - 2001 Meeting
“that Pepsi or Procter & Gamble would grow cash flow faster than Coke or Gillette”
Morning Session - 2001 Meeting
“I ran into you after Gillette's annual meeting, but I choked”
Morning Session - 2001 Meeting
“My question concerns Gillette. Do you think their goal of trying to grow earnings at 15 plus percent, kind of got them into their current inventory problems”
Morning Session - 2001 Meeting
“I'm not singling out Gillette in the least, but I can tell you that if you look at the companies that have done it, you will find plenty of examples”
Morning Session - 2000 Meeting
“Gillette's stumble in the last year or two has not been the product of the razor and blade business, but it's been some other businesses”
Morning Session - 2000 Meeting
“easier to screw up American Express than it would Coke or Gillette, but it's an immensely strong. strong business.”
Morning Session - 2000 Meeting
“companies that you invest in, like Coca-Cola and Gillette, seem to do better when the dollar is weak”
Morning Session - 2000 Meeting
“our partly owned businesses like Coke and Gillette are valued at their market value.”
Morning Session - 2000 Meeting
“why is it that in razor blades, which could, I mean, everybody grows up in business school hearing that as a great example of a product that's very profitable”
Warren Buffett | Nightline Interview | 1999
“we have pieces of things like Gillette, Coca-Cola, the Washington Post”
Warren Buffett | Nightline Interview | 1999
“I can understand Gillette. I can understand Coca-Cola. I can understand Wigley's chewing gum. I mean, those are things that I can understand.”
Buffett on evaluating businesses' "moats"
“we own no Wrigley, so I use Wrigley's fairly often in class, pick a figure that you would expect unit growth of chewing gum”
Afternoon Session - 1999 Meeting
“if you name consumer goods, you can say Procter and Gamble and Coca-Cola and Gillette”
Afternoon Session - 1999 Meeting
“Neither one of those businesses got to the price that left us happy putting new money in, but we're quite happy, very happy owning those businesses”
Afternoon Session - 1999 Meeting
“in the blade and razor business for Gillette, which is only a third of their business”
Morning Session - 1999 Meeting
“we buy more shares of either Coke or Gillette or American Express or some of those other wonderful companies we own”
Afternoon Session - 1998 Meeting
“all three of our largest holdings, American Express, Gillette and Coke, and we're talking about $25 billion of market value”
Afternoon Session - 1998 Meeting
“If you look at a company such as Gillette or Coke, you won't find great differences between their depreciation.”
"Mistake" not to buy drug companies
“Gillette is the shaving company to be in”
Is McDonald's an "inevitable" company?
“somebody starts shaving with a Gillette sensor. Plus is very unlikely to go elsewhere... the inevitability that you would get in the soft drink business with a Coca-Cola”
Morning Session - 1997 Meeting
“Gillette has... somebody starts shaving with a Gillette Sensor Plus is very unlikely to go elsewhere, in my view”
Afternoon Session - 1997 Meeting
“Gillette were were domiciled in London, they had the same basic businesses. We would be attracted to them”
Morning Session - 1997 Meeting
“that Gillette and Coca-Cola's businesses are fantastic. You may understand those businesses”
Afternoon Session - 1997 Meeting
“Could they ultimately become as dominant as a Gillette or a Coke in their businesses”
Afternoon Session - 1997 Meeting
“Gillette does not repurchase its shares or hasn't in any significant quantity for many years.”
Afternoon Session - 1997 Meeting
“if I'm using a Gillette sensor blade today, the chances are I'll try the next generation that comes out. It'll be the sensor Excel”
Afternoon Session - 1997 Meeting
“Gillette is a direct beneficiary of their, and the difference between having great shaves and Barry Soso shaves and lots of Knicks and Scratchers and everything is $10 a year or $12 a year.”
Afternoon Session - 1997 Meeting
“or Gillette is in a dangerous era, or McDonald's or Wells Fargo or whatever”
Afternoon Session - 1997 Meeting
“if we would say the world is going to hell at Coke or Disney or Gillette, we might be better off in terms of being able to buy more stock”
Afternoon Session - 1996 Meeting
“At Gillette, the product is going to be better 10 years from now than now or 20 years from now than 10 years from now. You saw those earlier ads going back to the Blue Blade and all that.”
Afternoon Session - 1996 Meeting
“the Gillette stock would be there, the Nebraska furniture mar would be full of furniture”
Afternoon Session - 1996 Meeting
“They do it a Coca-Cola, they do it a Gillette. But many companies are thinking about what kind of”
Afternoon Session - 1996 Meeting
“what's complicated about Coca-Cola or Gillette or Wells Fargo, for that matter?”
Stanford Law: Worldly Wisdom Revisited — Business: What Lawyers Should Know (1996)
“The Procter & Gamble Rule is elementary worldly wisdom. Procter & Gamble has an internal rule that they don't allow their product development people”
Stanford Law: Worldly Wisdom Revisited — Business: What Lawyers Should Know (1996)
“the Procter & Gamble Rule's automatic. You want lollapalooza effects? Incorporate clever marketing plus a good product.”
Afternoon Session - 1995 Meeting
“we've got almost $8 billion in Coca-Cola and Gillette combined, and Coke has 80% plus of the earnings from non-U.S. sources, and Gillette has maybe two-thirds”
Morning Session - 1994 Meeting
“recently with a recent Procter & Gamble announcement. Now, I don't know the details of the P&G derivatives, but I understand”
Afternoon Session - 1994 Meeting
“whether it's Gillette or Coke, or it might be something we already own”
Morning Session - 1994 Meeting
“They like Coke and Gillette. The global brand leaders in the shoe business being Nike and Reebok.”
Morning Session - 1994 Meeting
“we like the international prospects of a company like Gillette. Gillette earns 70% of its money outside this country.”
Morning Session - 1994 Meeting
“Gillette is expanding in China in a big way. And the Chinese don't shave as often, and more of them what they call dry shavers and wet shavers”
USC Lecture: A Lesson on Elementary, Worldly Wisdom (1994)
“MODELS FROM BERKSHIRE HATHAWAY INVESTMENTS: COKE, GILLETTE, GEICO & THE WASHINGTON POST”
USC Lecture: A Lesson on Elementary, Worldly Wisdom (1994)
“if you were Proctor & Gamble, you could afford to use this new method of advertising. You could afford the very expensive cost of network television”
USC Lecture: A Lesson on Elementary, Worldly Wisdom (1994)
“Wrigley, simply by being so well known, has advantages of scale - what you might call an informational advantage.”
1992 Berkshire Hathaway Shareholder Letter
“Despite the success we experienced with our Gillette preferred, which converted to common stock in 1991”