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Founders: #354 Sam Walton: The Inside Story of America's Richest Man

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What I learned from reading Sam Walton: The Inside Story of America's Richest Man by Vance Trimble. ---- Founders Notes gives you the superpower to learn from history's greatest entrepreneurs on demand. You can search all my notes and highlights from every book I've ever read for the podcast. Get access to Founders Notes here. ---- Build relationships with other founders, investors, and executives at a Founders Event ---- (2:30) Sam Walton built his business on a very simple idea: Buy cheap. Sell low. Every day. With a smile. (2:30) People confuse a simple idea with an ordinary person. Sam Walton was no ordinary person. (4:30) Traits Sam Walton had his entire life: A sense of duty. Extreme discipline. Unbelievable levels of endurance. (5:30) His dad taught him the secret to life was work, work, work. (5:30) Sam felt the world was something he could conquer. (6:30) The Great Depression was a big leveler of people. Sam chose to rise above it. He was determined to be a success. (11:30) You can make a lot of different mistakes and still recover if you run an efficient operation. Or you can be brilliant and still go out of business if you’re too inefficient. — Sam Walton: Made In Americ

[00:00:00] Real quick before we jump into this episode on this obscure Sam Walton biography that I just read, if you already subscribe to Founders Notes, make sure that you log in and get access to this new feature that I just added. There is now a private podcast feed included in your subscription, and there's 50 short bonus episodes waiting for you. And I'm making more short episodes based on the research I do actually using Founders Notes. So each episode will cover a single topic, like how history's greatest entrepreneurs think about leadership, or a single person, like what are Henry…

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