I pay low wages. I can take advantage of that. We're going to be successful, but the basis is a very low-wage, low-benefit model of employment. - Sam Walton
Job security lasts only as long as the customer is satisfied. Nobody owes anybody else a living. - Sam Walton
You can make a lot of 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
Each Wal-Mart store should reflect the values of its customers and support the vision they hold for their community. - Sam Walton
The biggest issue that small businesses face involves working capital, because they have to pay for everything upfront.
You can put the greatest seafood restaurant next to an average steak house in an urban area, and that steak house will do more business than the seafood place. If you go to the water, you can put an average seafood place next to the greatest steak house, and people are going to eat seafood.
Be courageous. I have seen many depressions in business. Always America has emerged from these stronger and more prosperous. Be brave as your fathers before you. Have faith! Go forward! - Thomas Edison
If you can hire people whose passion intersects with the job, they won't require any supervision at all. They will manage themselves better than anyone could ever manage them. Their fire comes from within, not from without. Their motivation is internal, not external. - Stephen Covey
I was once asked if a big business man ever reached his objective. I replied that if a man ever reached his objective he was not a big business man. - Charles M. Schwab
When you go into your customary barber shop, you will wait for the man who gives you a little better shave, a little trimmer hair-cut. Business leaders are looking for the same things in their offices that you look for in the barber shop. - Charles M. Schwab
Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment. - Charles M. Schwab
What we must seek is a plan by which the men will receive high wages when the employers are receiving high prices for the product. - Charles M. Schwab
The difference between a good business and a bad business is that good businesses throw up one easy decision after another. The bad businesses throw up painful decisions time after time. - Charlie Munger
All intelligent investing is value investing, acquiring more than you are paying for. You must value the business in order to value the stock. - Charlie Munger
If your new behavior gives you a little temporary unpopularity with your peer group, then to hell with them. - Charlie Munger
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