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21min chapter
TIP601: Junk to Gold by Billionaire Willis Johnson
We Study Billionaires - The Investor’s Podcast Network
Capital Allocation and Copart's Growth
This chapter discusses the concept of capital allocation and its significance for Copart's growth. It explores the company's understanding of capital allocation, a significant purchase that doubled their size, challenges they faced with their computer systems, and the importance of long-term thinking. The chapter also highlights how Copart embraced new ideas like online bidding and listening to customer feedback to drive their success.
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