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Company

Coca-Cola

KO
Consumer Staples / Beverages•First mentioned: 1988•44 letter mentions

Investment Timeline

1988Initial position at $592.5M
“We established a new position of 14,166,500 shares of Coca-Cola... at a total cost of $592.5 million.”
1988 Coca-Cola & Federal Home Loan Bank - 1988 →
19935x in 5 years
“Coca-Cola... has been one of the great success stories of American business... our current value of $3.8 billion.”
1993 Quality at Reasonable Price - 1993 →

Letters Mentioning Coca-Cola

All Letters →
2025
Gregory Abel's First Letter - 2025
Gregory Abel's first shareholder letter as CEO, written after Warren Buffett's passing in early 2025. Abel opens by celebrating Buffett's legacy before laying out his own vision for Berkshire: strengthened culture and values, the enduring insurance franchise ($176B float), and disciplined capital allocation under new leadership. The letter demonstrates continuity with Buffett's philosophy while signaling a new chapter.
1988
Coca-Cola & Federal Home Loan Bank - 1988
Buffett disclosed the massive Coca-Cola investment (cost $592.5 million, about 6.3% of Berkshire's net worth - at the time the largest single investment of Buffett's career) and explained the thinking behind buying wonderful businesses at fair prices.
1986
Coca-Cola & Annual Meeting Tradition - 1986
The letter highlighted Berkshire's investment in Coca-Cola and the nascent "annual meeting" tradition that would grow to become "Woodstock of Capitalism." The meeting was becoming an increasingly important ritual for shareholders.