Evidence receipt / evaluation
Published · transcript-backedBen Gilbert: evaluation
30 Oct 2023 Acquired Charlie Munger
“One thing that fascinates me about Costco is they seem to only be able to grow 10% per year, because they're not capital-constrained.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- evaluation
- Recorded
- 30 Oct 2023
- Publisher
- Acquired
- Episode
- Charlie Munger
Transcript context
…No. Those two would not have thought it was a board matter to discuss the price of the hotdog. One thing that fascinates me about Costco is they seem to only be able to grow 10% per year, because they're not capital-constrained. No amount of money, if they were to access it for free, could— I’ll tell you what is. It's hard to open too many stores a year. New store, new manager, new this, new politics. It's hard, plus a lot of stuff has to be learned, taught, and put in place. They didn't want to do more than they can comfortably handle.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.