Sam Walton

“Sam Walton built one of the most valuable personal fortunes in the history of the world because he found value in unexpected places, which was these rural, small towns throughout America that other retailers ignored.”

“Sam Walton is on record saying, hey, I stole more ideas from Sol Price than anybody else.”

“I would argue that he's the most influential retailer of all time. If you factor in how many people Are on record saying that they took Sol's ideas and applied it to their own life and work. Jim Senegal of Costco, obviously. Sam Walton of Walmart. Jeff Bezos o…”

“Sam Walton invented practically nothing, but he copied everything anybody ever did that was smart, and he did it with more fanaticism, so he blew right by them all.”

“Charlie spends a lot of time talking about this idea of like, you can analyze. I love his surfing model. Cause he'll go and analyze like, why was Sam Walton so successful? Why was Les Schwab so successful? Why was the founder of national cash register so succe…”

“He goes from zero stores to a 105 in seven years and five billion a year in sales.”

“I would also say this is why founders that still run and control their company do so over a long period of time have such a massive, massive advantage. Because think about it. It's like Sam Walton talks about, you know, I never really had to invest in much. I …”

“And so in 1979, Sam Walton gives the go ahead to invest five hundred million dollars in 1979 dollars in the most advanced computer system of his day.”

“The great founders that we've seen over and over again in history, Sam Walton, Jim Casey, you know, Steve Jobs, they want to be told the truth. They want, they respect you more if you push back at them and I think the bad founders or the bad executives just su…”

“In fact, he would go around giving copies of Sam Walton's autobiography With his own highlights and annotations to early leaders in Amazon.”