Small Business

See's Candies: Warren Buffett's Favorite Investment

FILE- In this Tuesday, June 5, 2012, file photo, Warren Buffett, chairman and CEO, Berkshire Hathaway, Inc., speaks during the Economic Club of Washington's 25th anniversary celebration dinner in Washington,. Warren Buffett's Berkshire Hathaway Inc. said Tuesday, June 12, 2012, it is offering to buy the mortgage division and loan portfolio of Residential Capital LLC, which filed for bankruptcy protection in May. (AP Photo/Cliff Owen, File)
FILE- In this Tuesday, June 5, 2012, file photo, Warren Buffett, chairman and CEO, Berkshire Hathaway, Inc., speaks during the Economic Club of Washington's 25th anniversary celebration dinner in Washington,. Warren Buffett's Berkshire Hathaway Inc. said Tuesday, June 12, 2012, it is offering to buy the mortgage division and loan portfolio of Residential Capital LLC, which filed for bankruptcy protection in May. (AP Photo/Cliff Owen, File)

What's Warren Buffett's favorite investment?

Nope, it's not his cartoon series "Secret Millionaires Club." And it's certainly not muni bonds. It's See's Candies, the boxed-chocolates company that Buffett bought 40 years ago for $25 million, according to Fortune's feel-good piece about the West Coast staple. (The San Francisco-based chocolatier is also reportedly a favorite of Nancy Pelosi.)

"It's one thing to own stock in a Coca-Cola or something, but when you're actually in the business of making determinations about opening stores and pricing decisions, you learn from it," Buffett, who reportedly keeps a box of See's lollipops on his desk, told Fortune. "We have made a lot more money out of See's than shows from the earnings of See's, just by the fact that it's educated me."

See's isn't exactly a fast-growth stock. The 91-year-old company's profit rarely rises year to year and it recorded a modest $83 million of profit in 2011. But, buoyed by Buffett's sweet-tooth, See's is making a push beyond the West Coast, where the vast majority of its stores are located.

So look out East Coasters. Here's a sweet chance to make the Oracle of Omaha even richer.

7 Memorable Warren Buffett Moments