logo
episode-header-image
Jan 2025
1h 14m

TIP691: Sol Price: The Retail Visionary ...

The Investor's Podcast Network
About this episode

Clay dives into the life and legacy of Sol Price, the pioneering retail entrepreneur who revolutionized the industry with FedMart and Price Club, ultimately leading to the creation of Costco. 

The episode explores how Price's business philosophies, including treating employees well and maintaining a relentless focus on providing value to customers, inspired iconic entrepreneurs like Sam Walton and Jeff Bezos.


IN THIS EPISODE YOU’LL LEARN:

00:00 - Intro

01:45 - The story of Sol Price starting Fedmart and Price Club.

19:30 - Sol Price’s core business philosophies

50:47 - The key ingredients to the success of Costco’s business model.

52:58 - What led to the emergence of Costco and the eventual merger with Price Club.

01:01:40 - An overview of Costco’s business model today

And so much more!


Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.


BOOKS AND RESOURCES


NEW TO THE SHOW?


SPONSORS

Support our free podcast by supporting our sponsors:


HELP US OUT!

Help us reach new listeners by leaving us a rating and review on Spotify! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Learn more about your ad choices. Visit megaphone.fm/adchoices

Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Up next
Yesterday
BTC242: Bitcoin Core Vs. Knots w/ NVK (BItcoin Podcast)
Preston Pysh welcomes back NVK, renowned Bitcoin expert and founder of Coinkite, for an in-depth conversation on the future of Bitcoin, the evolving dynamics of its core development, and the promising rise of decentralized platforms like Nostr. IN THIS EPISODE YOU’LL LEARN: 00:00 ... Show More
1h 3m
Jul 6
TIP735: Compounding with Character w/ Guy Spier
In this episode, Stig Brodersen speaks with Guy Spier who has outperformed the S&P 500 since 1997, with a 9.6% vs. 8.8% CAGR. They explore why Guy invested in The Economist, and how friendships, service, and living by an inner scorecard guide his life and investment philosophy. I ... Show More
2h 11m
Jul 4
TIP734: My Investment Philosophy w/ Clay Finck
In this episode, Clay shares the key principles behind his personal investment approach. His approach has been shaped by over a decade of experience and lessons from great investors like Charlie Munger, Nick Sleep, and Chris Mayer. He explains how he builds a portfolio focused on ... Show More
1h 11m
Recommended Episodes
Sep 2023
MI Rewind: The Business of Podcasting w/ Hala Taha
Robert chats with Hala Taha about her journey from a school dropout to a successful full-time podcaster and entrepreneur. Hala Taha is the host of Young and Profiting Podcast, frequently ranked as a #1 Education podcast across all apps. Hala is also the CEO of YAP Media, a full-s ... Show More
53m 12s
Sep 2024
MI367: How to Invest in the Best of the Best: Quality Investing w/ Shawn O'Malley
In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down different investors’ approaches to finding the best of the best companies to own. It’s a strategy known as Quality Investing, and it differs from value investing because quality investors are more focused on finding ... Show More
54m 56s
Oct 2024
283 - The Ultimate Brand Strategy Playbook, with Eric Liedtke (SVP of Brand Strategy, Under Armour)
How Eric turned around Adidas and his plans to revive the iconic Under Armour brand, this episode is PACKED with insights from a veteran Marketing leader. ALSO, we touch on the topics of college sports and the impact NIL has on Marketing, and it all culminates in a discussion of ... Show More
43m 23s
Feb 2025
TIVP005: Alphabet (GOOGL): Searching for Quality w/ Shawn O’Malley
In today’s episode, Shawn O’Malley (@Shawn_OMalley_) breaks down Alphabet — the parent company of Google, which is one of the most valuable companies in the world and probably an important part of your everyday life. Shawn explores how Google got its start, how Alphabet makes mon ... Show More
1h 16m
Sep 2023
The #1 Money Lesson School Failed To Teach You [Escape The Rate Race] | Codie Sanchez PT 1
Are you ready to become impossible to ignore? To achieve unmatched success and financial freedom, it's never about where you start, it's about your journey to acquire skills and the ideas you choose to invest in. In today’s episode we explore the mind of Codie Sanchez, a successf ... Show More
1h 25m
Jan 2025
Episode 478: Lou Rice of Strapsicle
"I launched on Amazon in the US November... and December we clocked our first five-figure month through Amazon."Discover how Lou and her partner Ben leveraged their advertising backgrounds to create a unique product that resonated with Kindle users worldwide. Lou delves into the ... Show More
1 h
Nov 2024
The Authority Advantage: How to Dominate Your Industry | Bedros Keuilian | EP 46
Today I sit down with Bedros Keuilian, the powerhouse entrepreneur behind multiple businesses, including one doing over $200 million annually. Together, we break down the secrets of building an impactful personal brand, collapsing time for success, and achieving peak performance. ... Show More
45m 22s
Feb 2025
Can Anyone Become a World-Class Salesperson? Jeremy Miner Reveals How 💵 EP108
Jeremy Miner dives deep into the qualities that make a world-class salesperson. Whether you're new to sales or looking to refine your skills, this episode is packed with valuable advice to help you become a top performer. ---Jeremy Miner is the founder and CEO of 7th Level, a glo ... Show More
30m 48s
Mar 2025
496: “From $50,000 in Debt to Profitable Trader – His Shocking Journey” - Tony Pawlak
“From $50,000 in Debt to Profitable Trader – His Shocking Journey” In episode 496 of the Desire To Trade Podcast, we will be listening to the recording of an interview with Tony Pawlak who shares how he went from $50,000 in debt to a profitable trader. Tony shares his journey fro ... Show More
32m 33s
Apr 11
627: A Game-Changing Framework For Escaping The Grind & Getting Your Time Back with Jason Pond & Rion Willard on The Small Business Breakthrough Podcast
Many architects start their firms with a vision of creative freedom, only to find themselves buried in endless work, stretched too thin, and struggling financially. In this episode, Rion Willard joins Jason Owens to reveal why so many architects hit this wall—and what they must d ... Show More
34m 30s
Listen to millions of songs and podcasts on Anghami