Sol Price

“Sol was negotiating mortgage for the property with a major insurance company when he noticed that the mortgage agreement stipulated that FedMart must maintain separate bathrooms based on race. Sol told the lender that the separate bathrooms provision was unacc…”

“In fact, 5000 Fedco members lived in San Diego and were driving 200 miles round trip to take advantage of Fedco's bargain pricing.”

“To shop at Macro, you had customers required to prove that they were owners of a business. You have to prove that you're owner of a business, then you can buy the membership. So that idea is like, oh, I come back. He's like, man, this is a really interesting c…”

“One of the main maxims of the history of entrepreneurship that you and I have gone over, over and over again, is that bad boys move in silence. When they find something that's working, when they find something that's lucrative, they shut up about it.”

“He explained to me that we always have more time than we think. Then he would take an inventory about how much time you're spending on different things. How much sleep do you get? He would ask. How long does it take you for you to study? How long does it take …”

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

“If you're buying as inexpensively as possible and only marking up to cover your cost, And making the vast majority of your money just on membership fees. You're in perfect alignment with the customer as opposed to the person that you're buying goods from.”

“He opens the first pharmacy inside of a discount store ever.”

“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…”