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Value After Hours S04 E15: How Warren Buffett Negotiates a Deal, Charlie Munger on $BABA, The story of National Cash Register, an early tech stock

The Acquirers Podcast

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Then, You Can't Compete With Us, but You Cant.

19 o five had like three million dollars in labor costs in 19 o five, which is about 25 % of revenue. They invited competitors to come to e their daton factory and see what they were up against. Carried no debt, no discounting ever. Had this deal where they could say, we'll pay you a hundred dollars if you can ever find anyone who is able to buy one of our registers for less than what we sell it for. And so today, those numbers adjusted would be 720 dollars, up to 23 thousand dollars,. Basically a pretty high priced item in to day's dollars, at least for for a shop. The company has since been acquired by t

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