This Week’s Favorites: Charlie Munger Interviewed by John Collison on Invest Like the Best Tamara Winter on Making Media Netflix’s Pat Flemming on the Vergecast Podcast Charlie Munger Interviewed by John Collison on Invest Like the Best On Costco: Costco requires no working capital. The turnover is so high that they don't have to pay the supplier until they've been paid. Somebody else is financing their inventories. And we could, if we wanted to, lease all the properties. We don't. We own all the ones we can. But basically, you could run Costco with primarily zero capital if you wanted to. Of course, we like a business like that a lot better than ordinary businesses, there aren't many, unfortunately.
Podcast Monday (12/11/2023)
Podcast Monday (12/11/2023)
Podcast Monday (12/11/2023)
This Week’s Favorites: Charlie Munger Interviewed by John Collison on Invest Like the Best Tamara Winter on Making Media Netflix’s Pat Flemming on the Vergecast Podcast Charlie Munger Interviewed by John Collison on Invest Like the Best On Costco: Costco requires no working capital. The turnover is so high that they don't have to pay the supplier until they've been paid. Somebody else is financing their inventories. And we could, if we wanted to, lease all the properties. We don't. We own all the ones we can. But basically, you could run Costco with primarily zero capital if you wanted to. Of course, we like a business like that a lot better than ordinary businesses, there aren't many, unfortunately.