"so the book that I want to talk to you about today is Sam Walton the inside story of America's richest man and is written by Vance Trimble this book is way less known than Sam's incredible autobiograp..."

"then in their research they give a great overview of his life and so it says he grew up in Missouri in the depression he worked his way through college lived a clean Christian Life served Stateside in..."

"error finds the idea that turns into Walmart but before I get there I just want to point out a few things that happened in his childhood that I think gives you an idea of the kind of person that we're..."

"understand the effect that the Great Depression had on Sam he grew up in the Great Depression he was born in 1918 and so he's old enough to see the effects the financial effects and it actually leads ..."

"get to a guy who owns a lot of Taxi medallions or a trash hauling business but is still Rich it is important to note it only takes one person on the founding team to be super determined and the reason..."

"family for generations and so it starts with determination but in this hypothetical situation it's not that we have to remove points for intelligence it took Sam to find where he can be intelligent wh..."

"he actually gets a job at JC Penney this is an extremely important turning point in his life and you're going to see a lot of the lessons that he's going to learn from JC peny he applies later on to W..."

"something and he took a box about the same size and went around it with paper and let it overlap maybe a qu of an inch then he went around it with twine one time like this and one time like that and h..."

"buys his first store where he gets the money from he is 27 years old he marries a woman from Oklahoma named Helen they both have this desire they're small town people so they're looking around where t..."

"franchise and at this time Sam's plan is very simple he's like well I'm just going to take the obsession with customer satisfaction that JC Penney had and I'm just going to apply it to my own little F..."

"the book the way I would think about this is that Sam's satisfying customers is Jeff bezos's obsess over customers it's the same exact idea you and I have talked about this many times in the past if y..."

"see and so think about that you're Sam Walton you're 32 years old you have wife several kids and you just spent 5 and a half years building up a store that was a phenomenal success and somebody took i..."

"devastating personal tragedy his mom dies unexpectedly from cancer she was just 52 years old she went in for an operation to remove some of the cancer and then a few days after the operation she passe..."

"eventually brought him billions of dollars he was struck with the realization that if he was competent enough to operate separate stores in Two Towns successfully why not three four or maybe even a do..."

"ever dreamed of so his idea at the very beginning this is the good thing like he had to prove the concept over you know many many years then once he knew it was working he can pour you know gasoline o..."

"truly dedicated to what they're doing and you know I always say one of my favorite maxims is actions Express priority you demonstrate to other people what's important to you not by what you say not by..."

"you have inventory so he would go to the back of the store and he would find the the inventory in the back and he'd literally carry it to the front so he could get more sales like that is what Sam wal..."

"working says I'm going to develop shopping centers I have a line for this what he's doing because I did this the other day I was on the phone with my friend Jared and was explaining about this other i..."