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Founders: #304: Sol Price (The Founder Who Taught Jim Sinegal, Sam Walton, Jeff Bezos, Bernie Marcus)

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What I learned from reading Sol Price: Retail Revolutionary by Robert Price. ---- [6:50] He believed in developing strong operating efficiencies, and he continually emphasized passing on savings to customers. [8:48] It's pretty incredible to think about that Sol's ideas have created trillions of dollars of value. [11:18] You can always understand the son by the story of his father. The story of the father is embedded in the son. —Francis Ford Coppola: A Filmmaker's Life by Michael Schumacher. (Founders #242) [14:00] Stephen King on the belief and support he received from his wife: “Having someone who believes in you makes a lot of difference”— Stephen King On Writing: A Memoir of the Craftby Stephen King. (Founders #210) [16:00] True education is gained through the discipline of life. —Henry Ford [19:45] Sol kept a small sign in his office: “Do it now.” [24:00] Sol finds an idea future generations of entrepreneurs will use: A membership retail store targeted to a specific niche. [24:45] When you have people driving far distances to save money that is a very good sign. — Sam Walton: Made In America by Sam Walton. (Founders #234) [26:45] Daniel Ek interview on the Acquired podcast. [

[00:00:00] This is Jim Sinigal, founder of Costco, writing in the foreword of this book. About four years ago, shortly before his death, and a few days after we had lunch together, I received a letter from Sol Price. Dear Jim, it's always nice seeing you and experiencing your enthusiasm, knowledge, and commitment to your values. You've been very generous about giving me some credit for influencing you. I suspect that's true, but you would have been a great achiever under any circumstance. I related only the first paragraph of this letter because Sol went on to say some very complimentary…

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