Walmart, every mention
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tap a year for its mentions
every year anyone David Senra 160
Verbatim, from the transcripts: the passages where Walmart comes up
How Larry Ellison Thinks
- ▶ 8:07 David Senra He says, for 25 years running, long before Walmart was known as the nation's largest retailer, we ranked number one in our industry for the lowest ratio of expenses to sales. 2 times in the scene
This Orphan Built a $116 Billion Empire Without You Noticing
- ▶ 10:38 David Senra They were selling Wayfarers at Walmart.
- ▶ 54:30 David Senra They're selling them at Walmarts.
Michele Ferrero's $40 Billion Privately Owned Chocolate Empire
- ▶ 7:42 David Senra There's a bunch of things that he does that are just like Sam Walton that Sam Walton did when he built Walmart.
Lessons from Jeff Bezos's Shareholder Letters
- ▶ 40:34 David Senra He announced that Amazon should adopt an everyday low price approach, just like Walmart, just like Costco.
Todd Graves and His $10 Billion Chicken Finger Dream
- ▶ 42:18 David Senra Or supporting the folks who do, that we don't need you inside of Walmart.
- ▶ 48:40 David Senra It's like once Sam Walton found Walmart, he wasn't going to do anything else.
Dinner With Michael Ovitz
- ▶ 21:14 David Senra Oracle, Walmart, you know, these things can compound for long.
- ▶ 24:23 David Senra and you flew to another Walmart door.
400 Pages of Warren Buffett and Charlie Munger In Their Own Words
- ▶ 1:04:05 David Senra Uh, when, when inventory comes into the Walmart stores of actually putting the right prices on there, so they had to add another layer of these guys that would go around, and they would, like, have these, like, handheld devices, and they…
The Life Story of Jerry Jones: Owner of The Dallas Cowboys
- ▶ 1:03 David Senra Said I'm asked today when Walmart has been so successful, when we're a fifty billion dollar plus company, why should we say so cheap? 5 times in the scene
- ▶ 28:00 David Senra He planned to eventually build a Walmart on the property, so sell to Sam Walton, it sounds like this, ok? 3 times in the scene
Breakfast with Brad Jacobs + How To Make A Few Billion Dollars
- ▶ 1:15:18 David Senra Les Schwab, Sam Walton of Walmart and Jim Casey of UPS.
Amancio Ortega: The Genius Behind The Inditex Group
- ▶ 9:10 David Senra This is, this sounds a lot like Sam Walton, who would preach inside of Walmart.
- ▶ 17:43 David Senra He's got all these executives in his company saying, you know, Walmart's ripping.
The Founder of IKEA: Ingvar Kamprad
- ▶ 36:43 David Senra Uh, it's all, it's in the, the books on, on Sam Walton and Walmart as well. 2 times in the scene
Elon Musk and The Early Days of SpaceX
- ▶ 25:00 David Senra There's a guy that comes to work for Amazon from Walmart and he's, his job is to build out the new fulfillment centers for Amazon.
Nick Sleep's Letters: The Full Collection of the Nomad Investment Partnership Letters
- ▶ 21:51 David Senra Which was to sell an equally big stake in Walmart in the 19 seventies. 3 times in the scene
- ▶ 30:02 David Senra So again, that speaks to Nick's own point about how difficult this was when he's talking about that firm that sells IBM in the fifties and Walmart in the seventies, he's not like, Hey, look at these idiots. 4 times in the scene
- ▶ 42:25 David Senra And so he's asking the question, why is it that no one but the founding Walton family owned Walmart all the way through? 5 times in the scene
Nick & Zak’s Excellent Adventure: How Nick Sleep & Qais Zakaria Built Their Partnership
- ▶ 13:51 David Senra Where it says that on that day, the market dropped and knocked a billion dollars off the value of Sam Walton stock holdings in Walmart.
- ▶ 29:32 David Senra And so it says they studied Walmart's annual reports from the 19 seventies.
Li Lu and Charlie Munger and Warren Buffett
- ▶ 39:45 David Senra I never really invested in much outside of Walmart. 2 times in the scene
- ▶ 55:40 David Senra So that was his, you know, this is pre, this is prehistory of Walmart. 3 times in the scene
- ▶ 1:13:14 David Senra That is why Walton was, Sam Walton was not doing a bunch of investing outside of Walmart.
Estée Lauder
- ▶ 22:16 David Senra A few weeks before that, we talked about Sam Walton in the early days of Walmart.
Robert Kierlin: Founder of Fastenal
- ▶ 14:46 David Senra Walmart's Sam Walton was a leader when the company he started was small and he remained a leader throughout its remarkable growth. 2 times in the scene
- ▶ 20:15 David Senra He says, if you're not supporting the customers or supporting the people that support the customers, then we don't have need for you in Walmart.
- ▶ 33:35 David Senra You know, in some cases, many cases, hundreds of billions of dollars of retail companies, Costco, Home Depot, Walmart, that talked about and learned from Sol Price.
- ▶ 45:51 David Senra He said, listen, you don't have to have a small ego to work at Walmart, but you have to be, you know, very adept at hiding it.
I had dinner with John Mackey: Founder of Whole Foods
- ▶ 1:05:57 David Senra He says that Walmart was one of the keys to success for Whole Foods. 4 times in the scene
- ▶ 1:09:18 David Senra Sam Walton had a really talented executive, but that executive was so talented that he's like, I, you know, I want to be CEO of Walmart. 3 times in the scene
The Inside Story of America's Richest Man: Sam Walton
- ▶ 2:43 David Senra And finds the idea slowly, but surely through trial and error finds the idea that turns into Walmart.
- ▶ 8:22 David Senra He applies later on to Walmart. 4 times in the scene
- ▶ 12:32 David Senra He tried to give the idea for Walmart.
- ▶ 20:41 David Senra Without this, his Walmart phenomenon never would have been able to see the light of day.
- ▶ 21:25 David Senra We tried to give away the idea to Walmart and they said, no, we might never tried all these small little towns that we went into in the early days. 5 times in the scene
- ▶ 28:10 David Senra All the way until Walmart goes public, and Walmart doesn't even exist yet. 3 times in the scene
- ▶ 31:40 David Senra And so Kmart was a dominant player way before Walmart. 5 times in the scene
- ▶ 33:31 David Senra This is what I meant when he goes and tries to give away the idea for Walmart. 2 times in the scene
- ▶ 37:26 David Senra And there's like these, all these indicators that Walmart might be more successful than their competitors early on. 7 times in the scene
- ▶ 39:25 David Senra Who is gonna many years into the future is going to be, become the CEO of Walmart. 2 times in the scene
- ▶ 42:23 David Senra And so once he realizes Walmart is a winning formula, he, he starts to expand really rapidly. 9 times in the scene
- ▶ 46:17 David Senra And so now Sam realizes, oh, Walmart is the main thing. 4 times in the scene
- ▶ 50:45 David Senra That is a concept that we carry out throughout the company. 4 times in the scene
- ▶ 52:36 David Senra Like I want to be CEO of Walmart. 5 times in the scene
- ▶ 55:32 David Senra It's a trademark of like the Walmart culture, the Walmart philosophy. 4 times in the scene
- ▶ 58:15 David Senra So once he realized, oh, Walmart's a thing, he, he's like, man, this thing's growing too slowly, and it's hilarious because this is what he considers slow growth, and I'll tell you how he fixes this. 6 times in the scene
- ▶ 1:01:14 David Senra The Forbes 400 lists assume that Sam Walton owned all that Walmart stock.
- ▶ 1:03:53 David Senra He's got it in that Walmart's already successful. 2 times in the scene
How Steve Jobs Kept Things Simple
- ▶ 3:27 David Senra There's a great line in Sam Walton's autobiography that's by a Walmart executive, and it's a story about how Sam is trying to use the simple stick.
Michael Jordan And Kobe Bryant
- ▶ 57:38 David Senra In fact, Sam Walton talked about having that same exact mentality when he was building Walmart.
How To Make A Few Billion Dollars by Brad Jacobs
- ▶ 40:32 David Senra Les Schwab, Sam Walton of Walmart and Jim Casey of UPS.
Les Schwab (Charlie Munger recommended this book)
- ▶ 29:24 David Senra Since we had such a hard time deciding which one was best Walmart or sawdust.
- ▶ 37:14 David Senra When people ask like how he built Walmart, he says, we just got after it.
Charlie Munger (the NEW Poor Charlie's Almanack)
- ▶ 52:03 David Senra It's quite interesting to think about Walmart starting from a single store in Arkansas against Sears 3 times in the scene
- ▶ 1:01:03 David Senra Sam Walton in his autobiography says, I didn't do much investing outside of Walmart. 2 times in the scene
Tom Murphy (Warren Buffett's Favorite Manager)
- ▶ 24:43 David Senra In Sam Walton's autobiography, he's flying the plane, that little Cessna that he would go around picking out like the new Walmart stores, and they're trying to come up with a name for what, what the concept behind Walmart. 3 times in the scene
Walt Disney and Picasso
- ▶ 36:07 David Senra The fact that Walmart starts out undercapitalized, not part of a large company.
Sol Price: The Founder Who Taught Jim Sinegal, Sam Walton, Jeff Bezos, and Bernie Marcus
- ▶ 2:18 David Senra Sam Walton, who started Walmart in 1962, eight years after FedMart was founded, later admitted that he had borrowed many of Sol's innovations.
- ▶ 3:43 David Senra Sam Walton of Walmart.
- ▶ 19:58 David Senra And that is something that Walmart had in the very early days as well. 3 times in the scene
- ▶ 39:28 David Senra So you have Walmart that's already been in existence for almost 10 years now, Target, Kmart, and these operators are just operating a lot better than FedMart is, so he has this idea where he's like, man, we're running into all these… 3 times in the scene
- ▶ 48:31 David Senra Sam Walton, who had created Walmart by using FedMart as a model, called Sol.
Rose Blumkin (Warren Buffett's Favorite Founder)
- ▶ 8:29 David Senra And in many cases, I think it's in this book, and if it's not, I'll find the quote for us, about the fact that she hit on the idea for what makes places like Costco and Walmart so special before there was a Costco and Walmart. 2 times in the scene
- ▶ 21:47 David Senra Sam Walton didn't open his first discount store leading to the Walmart empire until 1962.
I had dinner with Charlie Munger
- ▶ 46:52 David Senra Sam in his fantastic autobiography said, when he was asked, how did Walmart do it?
Warren Buffett & Charlie Munger In Their Own Words
- ▶ 1:03:46 David Senra Walmart, in its early days, was the Northern Pike. 2 times in the scene
Jeff Bezos' Shareholder Letters
- ▶ 30:44 David Senra Like Walmart and Costco, Bezos said Amazon should have everyday low prices.
- ▶ 34:37 David Senra He goes back to the meeting, tells his S team, Hey, we're going to be just like Costco and Walmart.
Paul Graham's Essays Part III
- ▶ 7:50 David Senra He ties this into no one thinks of Walmart as a technology company, but he makes the point. 4 times in the scene
The Biography of Steve Jobs (The Evolution of a Reckless Upstart into a Visionary Leader)
- ▶ 1:06:01 David Senra Did this similarly where he had his kids work in Walmart stores from a very, very young age.