Dick Stack
5 statements across 1 episodes · 2 bullish · 1 bearish · 1 people on the record · first statement Sep 23, 2025 by Shane Parrish · said 101 times in 2 episodes since 2025 · across every show →
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2025 101 mentions in 2 episodes 51 per episode
Everything said about Dick Stack, oldest first
Sep 23, 2025 negative
Dick's Sporting Goods Originally Tracked Profitability Only Once a Year
“Once a year, every July, they'd do inventory, count everything in the store, add it all up. And that's when Dick would finally learn that he'd made money that year or not. He had no idea up until that moment. He'd use the line of credit to buy merchandise and …”
Sep 23, 2025 neutral
Founder Dick Stack Sold Company to Children Under Brutal Financing Terms
“He'd sell the business to his five kids for 1.25 million, but on his terms. They'd pay him over 20 years at 12% interest and couldn't pay it off early, even if they wanted to. He'd keep the buildings and lease them back at above market rates for 25 years.”
Sep 23, 2025 positive
Sep 23, 2025
Dick Stack Sourced Early Inventory by Reselling Retail Drugstore Goods
“Dick would open at nine, close at nine, and some days take in only five dollars, maybe seven on a good day. His margins were non-existent. He couldn't afford wholesale prices. So here's what he did do. Close the shop, drive 60 miles to Scranton, buy inventory …”