Quote

Some families sell their stocks off a little bit at a time to live high, and then - boom - somebody takes them over, and it all goes down the drain.

Sam Walton

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Sam Walton
Age: 74 †
Born: 1918
Born: March 29
Died: 1992
Died: April 5
Businessman
Businessperson
Economist
Entrepreneur
Kingfisher
Oklahoma
Samuel Moore Walton
Bits
Boom
Takes
Drains
High
Stocks
Littles
Sell
Live
Families
Little
Sells
Time
Goes
Somebody
Drain

More quotes by Sam Walton

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If you love your work, you'll be out there every day trying to do it the best you possibly can, and pretty soon everybody around will catch the passion from you - like a fever.
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I think my constant fiddling and meddling with the status quo may have been one of my biggest contributions to the later success of Wal-Mart.
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Money and ownership alone aren't enough. Set high goals, encourage competition, and then keep score.
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Don't get so stuck in your ways that you can't change.
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Share your profits with all your associates, and treat them as partners. In turn, they will treat you as a partner, and together you will all perform beyond your wildest expectations.
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Information is power, and the gain you get from empowering your associates more than offsets the risk of informing your competitor.
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Curiosity doesn't kill the cat it kills the competition.
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Capital isn't scarce vision is.
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One thing my and mother and dad shared completely was their approach to money - they just didn't spend it.
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Swim upstream. Go the other way. Ignore the conventional wisdom.
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I had confidence that as long as we did our work well and were good to our customers, there would be no limit to us.
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Somehow over the years people have gotten the impression that Wal-Mart was...just this great idea that turned into an overnight success. But...it was an outgrowth of everything we'd been doing since [1945]...And like most overnight successes, it was about twenty years in the making.
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Communicate everything you can to your associates. The more they know, the more they care. Once they care, there is no stopping them.
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The secret of successful retailing is to give your customers what they want
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A computer can tell you down to the dime what you've sold, but it can never tell you how much you could have sold.
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Great ideas come from everywhere if you just listen and look for them. You never know who's going to have a great idea.
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I probably have traveled and walked into more variety stores than anybody in America. I am just trying to get ideas, any kind of ideas that will help our company. Most of us don't invent ideas. We take the best ideas from someone else.
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I learned a lesson which has stuck with me all through the years: you can learn from everybody. I didn't just learn from reading every retail publication I could get my hands on, I probably learned the most from studying what John Dunham was doing across the street
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I had to get up everyday with my mind set on improving something.
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If one of our customers comes into the store without a smile, I'll give them one of mine.
Sam Walton