Costco, every mention
10 scenes (said by Shane Parrish) · ← back to Costco
tap a year for its mentions
every year anyone Shane Parrish 38Indra Nooyi 12Christopher Davis 9Sanjay Bakshi 4Rory Sutherland 4Kat Cole 4Reed Hastings 2Adam Carr 2Kunal Shah 1Joel Greenblatt 1
Verbatim, from the transcripts: the passages where Costco comes up
Sol Price: The Retail Legend Who Taught Sam Walton, Jim Sinegal, and Jeff Bezos [Outliers]
- ▶ 0:22 Shane Parrish Jim Sinegal, co-founder of Costco, was even more direct when a reporter called him one day and said, gee, 3 times in the scene
- ▶ 22:41 Shane Parrish Jim Senegal, who built Costco into three hundred billion dollar company, and he credits every little bit of his knowledge to one teacher, Saul Price. 2 times in the scene
- ▶ 35:28 Shane Parrish And nearly 50 years later, Costco still sells that exact same combo for a dollar 50. 3 times in the scene
- ▶ 37:59 Shane Parrish Costco and Sam's Club, both born in 1983, both direct copies of Price Club were expanding like wildfire, while Price Club hesitated. 10 times in the scene
- ▶ 44:54 Shane Parrish Today, when you walk in any warehouse club worldwide, anywhere in the world, or you see a dollar 50 hot dog at Costco, you're walking into Saul Price's classroom. 6 times in the scene
Les Schwab: Why Real Ownership Outperforms Experience, Capital, and Credentials [Outliers]
- ▶ 32:54 Shane Parrish Like Costco, decades later, he bought in massive quantities and passed the savings on to customers.
- ▶ 46:29 Shane Parrish Costco started selling tires.
Timothy Eaton: How to Build an Empire (And Why It Crumbled) [Outliers]
- ▶ 11:25 Shane Parrish This virtuous cycle, which Sam Walton and later Jim Senegal would turn into billion-dollar empires at Walmart and Costco, was tested behind a counter in Toronto a century earlier.
- ▶ 37:05 Shane Parrish Costco is a great example of this, which we may cover in a future episode.
#3 Sanjay Bakshi: Why Mental Models
- ▶ 35:03 Shane Parrish But the other thing that I think that Costco does, which is, which plays to psychology a little bit, is when I go in there and buy my ketchup, 10 times in the scene