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4min chapter
Classic 18: Made in America
We Study Billionaires - The Investor’s Podcast Network
Sam Walton's 9th One, Control Your Expenses Better Than Your Competition
Sam walton was a merchant, the highest rank in his book. He believed that if you can't bargain on behalf of the customer, what are you there for? The company needed college boys and he wasn't sure whether or not they would be up for the task. It's interesting to hear how he smiles whenever he hears the thought of new competitor coming into town.
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