Founders cover image

#46 I Love Capitalism: An American Story

Founders

00:00

The Importance of Equity

Bernie Marcus is in his mid-40s of the time, he's making, he's got fancy titles, making good money. But it's very hard to get wealthy as just a high paid employee without equity. Bernie had a friend in San Diego by the name of Saul Price who came up with this brilliant concept of buying in bulk and selling at very low profit margins in big, clearly organized stores. So Ken's all jumping up, he's like, they're turning a store at the time. He's like, if all the stores we open are like this, we're gonna make a fortune. Just then Bernie grabs me by the arm. Don't get carried away, he

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app