{"product_id":"blue-chip-stamps-letters-to-shareholders","title":"Blue Chip Stamps Letters to Shareholders","description":"\u003cp\u003e\u003cstrong\u003eThis is a free PDF of Charlie Munger's letters to the shareholders of Blue Chip Stamps from 1977 to 1982.\u003c\/strong\u003e\u003c\/p\u003e\n\u003cp\u003e\u003cstrong\u003eBlue Chip Stamps\u003c\/strong\u003e began as a trading stamp company that used its blue stamps as a loyalty program for customers of groceries and pharmacies. As business declined in the late 1960s and early 1970s, companies controlled by \u003cstrong\u003eWarren Buffett\u003c\/strong\u003e and \u003cstrong\u003eCharlie Munger\u003c\/strong\u003e purchased controlling interest in Blue Chip. Just like they did with Berkshire Hathaway, excess cash flow and float was used to purchase public securities and other businesses like See's Candy.\u003c\/p\u003e\n\u003cp\u003eWritten by Charlie Munger, these letters show the changing nature of Blue Chip's business model and how it was transformed from a declining business into a valuable mini-conglomerate eventually acquired by Berkshire Hathaway.\u003c\/p\u003e\n\u003cp\u003eThese letters are free in following digital formats:\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e\u003ca href=\"https:\/\/maxolson.gitbooks.io\/blue-chip-stamps\/content\/\"\u003eOnline reader version\u003c\/a\u003e\u003c\/li\u003e\n\u003cli\u003ePDF download — \"Add to Cart\" and checkout above for the download link\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003e\u003cstrong\u003eFeatures:\u003c\/strong\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003e6 years of letters from 1977 to 1982.\u003c\/li\u003e\n\u003cli\u003eDetailed strategic discussions by Munger of Blue Chip, See's Candy, Buffalo News, Mutual Savings, and more.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cul\u003e\u003c\/ul\u003e","brand":"Explorist Productions","offers":[{"title":"Default Title","offer_id":38071605199018,"sku":"","price":0.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0526\/5126\/2122\/products\/cover_9be30214-c44c-489b-9df6-48c1df3db5c0.jpg?v=1613933635","url":"https:\/\/shop.explorist.io\/products\/blue-chip-stamps-letters-to-shareholders","provider":"Explorist Productions","version":"1.0","type":"link"}