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#107 Sol Price (Costco)
Founders
Success Through Imitation and Mastery
Success in business is achieved by imitating and mastering successful strategies of others. Sam Walton's success with Walmart was attributed to his practice of copying smart strategies employed by successful operators like Sol Price. Charlie Munger emphasizes the importance of learning from others' successes, stating that Walton, despite starting with limited resources in Arkansas, surpassed major competitors by meticulously studying and implementing proven tactics of the industry.
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