Dimitrios Kambouris / Getty Images Entertainment via Getty Images Investors have spent a lifetime trying to decode Warren Buffett's investing philosophy, but the foundation of his approach has long been far easier than most consider, and it's all about staying consistent. The companies Buffett likes to invest in don't focus on hype or short-term cycles. Instead, they survive by delivering products and services people use every day, regardless of market conditions. Quick Read Berkshire Hathaway (BRK.A) ...

Core Insights - Costco has a competitive advantage due to its large membership base, which allows for lower prices and contributes significantly to its profits [2][3] - The company reported a 9.3% increase in paid executive memberships year-over-year, totaling 38.7 million, which represents 47.7% of paid members and 74.2% of worldwide sales [3] - Costco's total paid members reached 81 million, up 6.3% from the previous year, with a total of 145.2 million cardholders, reflecting a 6.1% year-over-year increase [3] Membership and Profitability - Membership fees account for approximately 60% of Costco's profits, allowing the company to maintain low margins [2] - Basic Gold membership costs $65 annually, while Executive membership is priced at $130, offering benefits such as 2% cash back and exclusive operating hours [3] Expansion and Sales Performance - In Q4, Costco opened 10 new warehouses, bringing the total to 914 worldwide, with plans to open an additional 35 warehouses in fiscal year '26 [4][5] - Net sales for the fiscal year reached just under $270 billion, marking an increase of over 8% compared to the previous year [5] - E-commerce sales surpassed $19.6 billion, reflecting a growth of over 15% [5] - The company achieved record gas volumes, aided by extended gas station hours and new gas station openings [5]

Value is what an investor gets, and price is what that investor pays for an underlying asset or investment. When it comes to the stock market, prices are floated around every single day, yet only the best investors know which price range is worth considering as long as they understand the company’s current fair valuation. Taiwan Semiconductor Manufacturing TodayTSMTaiwan Semiconductor Manufacturing$176.36 +2.27 (+1.30%) 52-Week Range$125.78▼$226.40Dividend Yield1.22%P/E Ratio25.05Price Target$220.00Add to ...