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Sieva Kozinsky - Long-Term Thinking is an Advantage - Ep.177
Think Like an Owner
Costco's Flywheel
The second part of that answer is businesses that look like Costco. They're never going to upcharge on the margin, right? So basically it's created a flywheel, which is they lower their prices, which brings in more customers. And there's a few examples of those types of businesses out there, but few as beautiful as Costco Corporation.
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