Sam Walton — The Learning Genius From a Country Town
The world's largest retailer, Walmart, began as a single variety store in small-town Arkansas; founder Sam Walton opened store number one at forty- four — another late-blooming giant. His weapon was no brilliant invention but an abnormal capacity to learn.
He devoted his life to touring competitors' stores, measuring aisle widths with a tape measure, copying price tags, adopting every good idea instantly. "Most everything I've done, I copied from somebody else," he reportedly declared.
Even as the world's richest man he drove an old pickup truck — asked why, he said a luxury car would be unfair to his dogs. Thrift was not aesthetics but the core of a business that repaid customers with low prices. Pride obstructs learning; imitation is no shame — the king of retail measured other people's stores his whole life.
We, too, learn from anyone; speed of learning is the latecomer's weapon. Whose what have you "measured" lately?
What do you work for?
— Tomoki Nagano, Chairman & CEO, INSTINCT BIO TECHNICAL COMPANY (NASDAQ: BIOT)
About the Company
The Nasdaq-listed company where the author serves as Chairman.
- Business →Stem-cell cosmetics R&D, OEM/ODM manufacturing, and in-house brands
- Investor Relations →BIOT stock price, SEC filings, and governance
- Company & Governance →Company profile and leadership
This series reflects the personal views of the author. It is not an earnings forecast, a valuation of any security, or a solicitation to invest.