Diving into the stories and lessons we can learn from the life of Sam Walton and the rise of Walmart from his autobiography, Made in America
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When folks would ask Sam Walton how he built Walmart, he responded with the same answer, “Friend, we just got after it and stayed after it.”
1:15 - Lessons from parents and childhood
4:45 - How Sam knew what he was going to do for the rest of his life
7:15 - First store
8:00 - Be a student of your craft
I learned a lesson which has stuck with me all through the years: you can learn from everybody.
12:20 - The worst moment of Sam's life
13:45 - Love your fate
16:35 - Steal and steal often
Most everything I’ve done, I’ve copied from somebody else.
18:10 - The start of Walmart
18:50 - Find your leverage
22:25 - Increase your embarrassment capacity
“If you wish to improve, be content appearing clueless and stupid.” - Epictetus
26:35 - Six keys to Walmarts success
34:10 - The ultimate goal
I always wanted to be the best retailer in the world, not necessarily the biggest.
35:15 - Thinking small
37:35 - Sam Walton's Ten Rules
40:45 - Life is about trade-offs
42:20 - Lessons/takeaways
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