Billionaire Willis Johnson, founder of Copart, shares his success story and strategies. Topics discussed include his early experiences, Vietnam War, building a successful company, strategic utilization of technology, and Copart's competitive advantages.

Willis Johnson, Founder of Copart, went from being a liquidator to a critical service provider for insurance companies. Topics covered include Copart's early business career, industry dynamics, Copart becoming a salvage marketplace auction leader, cultural factors distinguishing great companies, Copart vs IAA competition, Copart's revenue streams and capital allocation strategy, analyzing return on invested capital and land ownership, international expansion opportunities, growth opportunities and pathways for Copart, and potential risks and challenges for the future.