Warren Buffett discusses the performance and challenges faced by See's candy and NetJets since its acquisition. With regards to See's candy, he mentions the challenges in expanding the brand as it has a limited magic that is mostly restricted to the adjacent West region. In terms of NetJets, Buffett describes it as a remarkable company and a different model compared to others, with a Fleet of over 600 planes and a growing demand. He also mentions the challenges faced by competitors such as Wheels Up in this space. Buffett also talks about how he and Charlie Munger were semi-corrupted into buying a NetJets membership and the benefits of using the service.
Sure, here are the key facts extracted from the provided text:
1. Simon Withers from Perth, Western Australia, asked for an update on See's Candy and NetJets' performance.
2. See's Candy has been around for 101 years and has limited brand appeal outside the West.
3. Despite various efforts, See's Candy hasn't successfully expanded beyond its West Coast market.
4. NetJets is a private aviation service catering to wealthy individuals and has no real competitors.
5. NetJets has been performing exceptionally well, with a growing fleet and increasing demand.
6. Warren Buffett and Charlie Munger have personally benefited from NetJets memberships paid for by their heirs.
7. Warren Buffett and Charlie Munger have both flown on NetJets and consider it a valuable service for the wealthy.
These are the factual points extracted from the text without including opinions.