“And Costco, I do think has one thing that Amazon does not, people really trust Costco to be delivering enormous values. And that is why Costco presents some danger to Amazon because they’ve got a better reputation for providing value than practically anybody, including Amazon.” During the Daily Journal Corporation‘s (NASDAQ: DJCO) annual general meeting (AGM) recently, Charlie Munger espoused the greatness of Costco Wholesale Corporation (NASDAQ: COST). He talked about how the retailer is holding out its own against the online retailing giant, Amazon.com (NASDAQ: AMZN). That got me interested to dig deeper into Costco’s business. And this is what I found… What’s Costco’s Business About? Costco is a membership-based warehouse retailer that offers its members low prices on a limited selection of products. The company, which is the third-largest global retailer, has over 800 warehouses worldwide, with most of the stores in the US and Canada....