Walmart

“Walmart or Walgreens or a bunch of other kinds of retailers, which all of which sit with Amazon as what I would call retail as logistics. Like, you know what you want, you go to the place, you get the thing. And there's just an algebra of like retails cost per…”

“An awful lot of the Walmart story is actually about computers because they use databases to have much more efficient supply chain and much more efficient inventory than a traditional supermarket did.”

“You couldn't just do Walmart. In Britain, or in Germany, you couldn't just take that retail model, and put it in another country, and expect it to work, because like the whole market structure is different, and it turns out that the thing that you would go to …”

“It seems very obvious to me that Amazon is a new Walmart, and worrying that Amazon will swallow all retail seems exactly like worrying that Walmart will swallow all retail.”

“And in the same way that like the second 50 years of the car industry wasn't about cars, it was about Walmart and McDonald's and suburbia and freeways. And, you know, the fact that everyone had a car.”

“You know, you can have 10 different department, you can have 50 department stores, and you can have 10 different supermarkets, but it makes no sense to have 10 different Amazons. However, it does make sense to have a hundred different sake brands, or a hundred…”

“The two people, the husband and wife who were arrested two or three weeks ago, they'd stolen like five billion dollars of Bitcoin, but they couldn't do anything with it, because as soon as they tried to get it off Bitcoin, then they get arrested, which is inde…”

“From Walmart's results, latest results, Walmart's ad business was two billion dollars. In the last quarter, obviously Amazon's is thirty one billion dollars, but they're quite a lot further down that down that road.”

“Walmart did, I think, 2.7 billion dollars of advertising last year.”

“There are some cases where internet is not more efficient, like groceries, which is why Walmart is still a giant business, because it's actually more efficient to drive to the supermarket Than it is to deliver all of that product with the cold chain, and the s…”