Acquired cover image

Charlie Munger

Acquired

CHAPTER

Navigating Retail Success: Lessons from Costco

This chapter explores the intricate dynamics of profit margins and leverage in large retail operations, with a focus on Costco and its journey. The speakers share insights from their experiences in retail investing, highlighting the unique business strategies of Costco, including supply chain management and pricing efficiency. Additionally, the chapter reflects on long-term partnerships in investment, the lessons learned from challenges in venture capital, and the evolving landscape of investment opportunities.

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