22 Burst results for "Sam Walton"
Impact Theory with Tom Bilyeu
"sam walton" Discussed on Impact Theory with Tom Bilyeu
"Today. Uh huh. Right. When I think about will impact theory university, outlive me about not as of yet. Insane. How does he do it? Culture. Do you know that he made the students in his university? The students in his university had to learn drum roll, please. Brick making. They had to learn how to make bricks trap. Why? So that they could build the buildings so that they would have respect for the knowledge. Because he was like, if they just roll up and this is all easy, and he was like, people would show up outraged, outraged. I was a slave, I'm sending my kids to your university, and you're making them bricks. And he was like, I'm telling you right now, if people build this stuff themselves, the level of respect that they will have for the whole. The way they will hold each other accountable. And I was like, forget what the culture was, 'cause it's different now. And of course, it's going to change. Structure. Certain somebody said that at the beginning of this episode, structure, there are things that we do here, and there are things that we don't do here. He instilled a value system that allowed them to say because values tell you who's in and who's out. Oh, you made the burst. And by the way, they became known in that region of the south for making the highest quality bricks. So now they can sell bricks to fund the school. Dude, it was so insane and reading the book. And I'm like, this is fucking genius. Values. Creates a culture. You reinforce the culture by what you celebrate. And what you tolerate, that culture becomes so profound that you can defeat nations. So going back to the slave rebellion in Haiti, I need to memorize this guy's name. Forgive me, I'm in the middle of reading this book. I literally just know it, but I don't want to pronounce it wrong and I want to be different. I don't want to say it wrong. I remember because I went to D.C., so I don't want to say it wrong. Say it as wrong as possible. I can't even remember it's kind of French sounding. It's a French name. I don't want to say it wrong. I'm not going to say it wrong. All right, fair enough. Let me say this though, please. We were talking about you were talking about watch this, the bricks, the people who build the bricks for the college. They'd appreciate it more. The exact same thing goes with building well. The person who builds the wealth in the beginning is I use myself as an example. I become the pioneer. I become the trailblazer. I become the person who says that my family will eat for a lifetime based on the decisions that I make today. Based on the information that I've gained and applied. Because I'm the one in the beginning stage building it, I will respect the wealth more. If I don't install those values in my daughter, if I don't install in her the respect for money. If I don't install it in her, why investing is important, then what happens is she inherits a lot of money, but don't know what to do with it. And so now, she may live well, but the generations behind her don't benefit from it because they never had an attachment to the money. They never had a attachment to the wealth. They just got the wealth. They obtained it. And so when I think about Cornelius Vanderbilt, we never talk about him in the pioneers of America, the richest men in the world. We never talk about him. Why? Because after he died, his son did enjoy the money, but no generation after that it did because they were in broke T-shirt to T-shirt in three generations. They went and broke. But we still talk about JPMorgan. We still talk about the Rockefeller. We still talk about the Rothschild. We still talk about Sam Walton who has 5 of his grandchildren and kids on the Fortune 500 list, always why, because there was a culture that culture was about building that Walmart brand. But then what we don't realize about passing well done is this is not just about passing money to them. It's about passing down information. It's about passing down by laws. It's about passing down structure. It's about, so I just lost my degree. And I talked about how my last show, I just and she was the matriarch to my family. She was the matriarch. She held it together in 11 months before that. We lost her sister, right? So they were the last two and I honor them. They did so much for me on my journey. And now that both of them have now gone, our family now has to be restructured. We have to now install new traditions, not saying that always weren't well, but for instance, we were all good at her house for Thanksgiving. We were all everything she put things in place. So now, that whole entire generation is gone. So the generation that's available now is my mother's generation, so it's my mother, her brothers, and then I'm a next generation, and then my kids, so on and so forth. So now we have to do now is we have to now put a new values in place. We have to put new traditions in place. We have to put a new structure in place. And because I now have the financial literacy now talking to my uncle the other day he like trapped. Like, yep, I'm the leader, but you're up next. And that meant a lot to me. In a minute, I got scared because I thought about, yep, I teach people about financial literacy all the time. I talk about being a CEO of my family. I talk about turning my family's last name into an asset, but now I am now because once you I always say this once you get the information you are not responsible. Like, it's okay, it's not okay, but I'm saying it's using his figuratively. It's okay that, I mean, literally it's okay, you know, when you blowing money because you don't know no better. But once you become cognizant and once you have the information, now you are held accountable. And so for me, now, more than ever, I am held accountable one because I went from homeless to being where I am now, right? Nobody else in my family went through that. I went from not just once but twice. To build in a business
The Doug Collins Podcast
Leadership Lessons From Coach Bear Bryant: Communication
"One of the interesting points of vision is being able to communicate. And anybody who's ever watched any old clips or old video of Bear Bryant, I'd encourage you to go listen to it. He was not the most for eloquent of speakers in the sense of understanding. He was very he had a very gruff voice. He spoke very hush towels. Everybody, you know, when he spoke, he was the old from those of us in my generation, the old EF Hutton, advertising went EF Hutton talks, everybody lives with Bear Bryant spoke everybody listen. And it was just how his voice cared. Now, communication of your vision, what we just talked about was very important. And but there's a quote that was used in the book. And I think it's a fitting quote to look at now. Because when you're communicating, Sam Walton, who founded Walmart, made this statement once he said communicate everything that you can with your partners, aka employees in Walmart so vernacular because the more you communicate with them, the more they'll understand and the more they understand, the more they'll care and once they care, there's no stopping them. I think this is the key that fit mayor Brian. He goes on to tell the story of where Brian used to take heads of English departments and others to games away games just to incorporate the whole school into the program itself. And bear Brown was speaking one day in the kids, the guys on the team were leaning in because he used a very soft voice. He wanted to make sure they were listening and heard and the English had the English farm was with him and at the end of the day he said if I could get to keep rooms attention like he can. He said I would teach for free. And when you see good communication. And it doesn't have to be a one stereotypical form. It doesn't have to come in perfect English. It doesn't have to come in, you know, a steady monotone voice, or you could cut, it doesn't have to come in a loud voice. It could come. It's got to be authentic. And for bear brown, it was truly authentic.
The Voicebot Podcast
"sam walton" Discussed on The Voicebot Podcast
"Idea. I guess definitely going to check that out because I think that's a really good option. So let's talk about the first product that you had in terms of just being basically recording stories. Yes. So this is, we think of digital twins is. Mostly being celebrities at this point. So we spent a while talking about William Shatner, right? Because that's a really good way to express it to people because they already have a relationship with these people. So they can actually gauge for themselves, whether it's authentic or whether it's a good experience. And go beyond the interactions that they've had with the media associated with that celebrity before. So there's like, that makes a lot of sense. But you're focus is really for everybody else. I mean, it could be for celebrities, but you're really trying, I think, to make this available to anybody. Is that correct? Exactly. This started off being a very high end project where you had to go into a studio, you had to be recorded, you'd have it, and that was a lot of work there. In fact, I really started we actually were doing interviews with Holocaust flavors. USC. And the first project took a year to basically process one survivor. And the goal has always been like, how do we get it down so that you could interview someone and the same day you can publish and start sharing it with your friends and family. And as we were doing that, everyone would say, well, this is fantastic, but can you do my mother, or can you do my friend, your relative? And that's really why we founded story file is that we wanted to bring this to everyone and you didn't need to have a be famous. You didn't need to be a celebrity. You didn't have to be a bunch of computer programmers who could help you out. You could just use get up on your webcam and start creating. Yeah, it's really kind of amazing too. If you think about it, we're interested in the stories of people who are prominent in society, whether they be celebrities or politicians or business leaders. Because we interact with them, they have maybe they have interesting stories or they influence our lives, so maybe Sam Walton at one point, some of those employees, you know, their day to today life was directly influenced by Sam Walton at that time. But the people who really influenced us most are friends and family. And that's the sense of loss is really interesting. I saw this video of a celebrity recently who had a digital twin created. And as they were closing out the question went to the celebrity, said, well, who would you like to see a digital twin of? And he had never really thought about it before. But then he said, you know what, my dad? I'd really like to wish there was one of my dad. Because I really would like to just interact with them. I know it wouldn't be real, but I'd like that sometimes. I mean, that same thing happened with William Janet, and I think I mentioned this, but originally he was like, well, let's do this for Comic-Con so that people can go talk to him at comic on 20, 30 years from now. But then he was like, well, I have to have it in new grandkid who just was born who's like literally like a year old. And he's not going to know like when he gets married, right? 2030 years from now, William Shatner's problem is not going to be able to be there. But maybe in some other form, he can live on and connect. And he could record messages for his kid, 20, 30 years from now. And that sort of, in a way, we can live on in that sense..
The Voicebot Podcast
"sam walton" Discussed on The Voicebot Podcast
"Now, I was thinking that you might say that you're going to use a gan or a deepfake technology. Are you using that if you're taking are you using that like in the original rendering? Are you using it if you're taking new information, you're adding it to an existing catalog? Yes, so we can just show video as itself. We have done examples of what we call them debrief creations, as opposed to deepfakes. One example of this was we did a project with Walmart, where they actually want to bring back Sam Walton to sort of talk about company culture. And Sam Walton is no longer around. But there's lots and lots of recordings of what he said, what he's done. So we actually did a digital recreation with some face replacement to and some voice synthesis to actually make someone sound like him. And so now all the employees all employees at Walmart can go talk to Sam Watson, but everything that he said is the basin things that he said in his books in his recordings in his videos. So I think it's important distinction is like when you do create something if you do do a deep fake with us again or whatever, is it still true to the person? Is it actually getting signed off in the Walmart family? Is it getting signed up from the relatives? So that they can look at it and say, yes, this is good. And when we actually showed that to the family, the people who knew him, they said, this is great, but he tied his tie differently. His tie is off. But other than that, they're like, yes, this looks this is true, and it's authentic. And I think it's going to be important to us to start labeling what's real and what's fake. So I know Microsoft and Adobe always big companies actually working on standards of how do you watermark footage as to what was original video and what has been modified or adjusted in some way. Are they doing that individually or are they doing that as part of a formal standard setting process? There's two different standards that have been there were being watched and I think they've actually side to unify and work together. The Adobe authenticity initiative is something that I think if you actually download Photoshop is actually starting to appear in images that they produce, but it's a collaboration of many, many different companies. The BBC Microsoft Adobe to name a few, and finalizing those standards, but hopefully in the next year, this is something that's going to be available. And the idea there is in movies it's one thing. They're their own world. There's a backstory about how the film was produced, people can find that information. This sounds like this is for some sort of real time interaction or some type of recorded consumption that might just be generally available and it might not be clear what the provenance was, is it the original? Is it a recreation? Yeah, the technology if they can image or fake a video is becoming so prevalent, whether it's synthesizing voices and sizing videos, and there's been such a prevalence of this fake news that you really want to know when you watch a video. Who's modified this? Is this a true source? We're doing a project I also with recording people in Ukraine. And in that case, everything that you do there, you need to, what device was this captured on? When was it captured on how was it ingested? What is the provenance path of every place that it was stored so if at any point this needs to be handed over to a tribunal or someplace, you want to know where it came from? Now, maybe not everything we interact with in the needs to be held to that standard, but it needs to be easy and accessible of, is this real? Yeah. You think about this track and trace or chain of custody provenance, it is a really interesting idea. I mean, this is hard for every industry. And it obviously digital rights management has some history in this space. Maybe that's not the model. But maybe it's okay. Maybe there's some hybrid approach that we did for this. But I think that's really important is to think about this idea of not fooling people. Making sure people understand what it is. And I think that's good for the industry as well. Because the industry is really not in the business of fakery because the experience is good. You don't have to mislead people. Yeah, definitely. Yeah. So this is really.
The Herd with Colin Cowherd
"sam walton" Discussed on The Herd with Colin Cowherd
"He knows his guys, but I find it just feels a little weird to me. I don't know what else to say beside that. Nikhil Harry, talk about just a disaster. I mean, I love him in college. I thought he was going to be a really good player. He clearly is not. Belichick gave up on him really fast, and then he goes to the bears and he immediately gets hurt. Now he has, he's out multiple months with angle surgery. So, back to the bears, I saw this headline on the athletic that one of their players like it felt like we had more guys that are injured or in practice than or even out on the practice field. So bears fans buckle up. This is gonna be a long year. The Broncos ownership. I was reading a little bit about this because I saw the video that went viral. If you haven't, type in Sam Walton, who is the guy, like the ringleader of the ownership group, who is one of the Walmart guys and worth 10 billion or whatever. Cuts a 4.56 or 6 6, whatever the final price was for the Broncos, it is introductory press conference. He does not know Roger Goodell's name. He calls him roger goodel, but he clearly just doesn't know his name. And I was thinking, you know, historically I've been a lot of owners for the most part liked the sport like George Stein renner, Al Davis, you know, Eddie debar to low. Jerry Jones, like they like football, they Steve Ballmer of recent like they love basketball. They love baseball. Like they buy the team because they love the sport. Like it means a lot. It's like the little kid in them, they love the sport. And then once you start getting to the price points of like four or 5, $6 billion for teams, like one, not every sports fan, the majority of them might not have that much money, right? So there's gonna be a small percentage of human beings that even have that money to purchase a team. What if this guy doesn't care about football at all? And they basically just needed a guy with a lot of money and they didn't have that many options. Like, I don't think it's out of the realm of possibility. Now, it's kind of weird, his son in law. So Walton's daughter's husband is technically running the team, gonna be the point guy. So it's not even like the guy that does know Goodell's name. It feels like he just needed a place to park his money, which if you're worth like $15 billion, you're like, what I want to do with the money. Might as well park it into a team that's gonna, you know, net me, I guess not net, but gross me 6, $700 million revenue every year and just keep the cash flow. So it's not a crazy business transaction, but I think ideally you want your owners, like if I'm a Bronco fan, I guess I'd be a little nervous. We went from an owner who recently passed away and pat Bolin who football was fucking everything to. The guy was like one of the driving forces on the television deals historically.
Inside Intercom Podcast
"sam walton" Discussed on Inside Intercom Podcast
"How they process information, how they make decisions. And using that information to build experiences that really maximize how the brain works. So super fascinating, I could probably talk about it for a long time and I feel very fortunate to be where I am today and in my role as chief insights officer. A big focus for me is spending time in the industry and with our customer base to really understand how are some of the best and brightest organizations and enterprises in the world. How are they doing this work? How are they bringing the customer into everyday decisions and how can I take what's happening and all the best practices and even setting the tone for the future of this? How do we sort of roll all that up into something really meaningful? Because as I mentioned, I think we're really still in the early days of this and we have such a big opportunity in front of us and I feel fortunate to be able to be part of helping to find what this looks like for the next 20 or 30 or 50 years. Well, I suppose, even if we jump back at a base in your fantastic book, use your tested, how the world's top companies use human insight to create a great experience. In it, you kind of talk about how businesses became almost obsessed with data and how that creates a disconnect from their customers. And I was wondering if you could kind of talk us through how that shift happened and why it's not sustainable. Yeah. Yeah, so thank you for mentioning the book. It was something that I co wrote with the user testing, CEO, Andy McMillan. It came out in February, but really the whole premise. And in fact, what I wholeheartedly believe in and what I see as something that we really have to be thoughtful about moving forward is way back when there's stories of Sam Walton, when he first created Walmart, kind of walking the aisles of the wall, walking to customers, watching kind of what they were doing, trying to figure out, how do I build a better shopping experience for these folks? How do I make it so they want to keep coming back to Walmart? And that is really hard to do when the entire world has shifted to more digital experiences in general. So it's not like you can go walk the hallways of your mobile app. Yeah. There's no kind of direct interaction, I suppose with customers anymore. Exactly. But what we've decided to do is instead of connecting with our customers as humans and really understanding what they need, we've actually decided we want to track what they're doing with a bunch of tools and platforms and things where we can see where are they going? What are they clicking on? Where are they dropping off? You know, it's a lot of the what. And what ends up happening is that when you're looking at a dashboard of, let's say you're looking at a dashboard of your conversion rates for a checkout flow. If I carry through the Walmart experience. You're going to see a lot of behaviors and by the way, many teams spend days all day. In these platforms and what's missing is understanding why are people leaving the product detail page? Or why are people not completing their purchase? And that's really where this level of human understanding comes in. But to answer your question of how we got here, I think it's sort of the shift to digital and the shift to all of these platforms and tools that help you track what everyone's doing on your digital properties. But what's interesting is that I believe that the sort of challenge that digital transformation and this kind of proliferation of all these digital tracking platforms, the challenge of and how we got here is actually using technology and platforms like user testing and other platforms to really take advantage of being able to use technology to do a lot of this work, which my background is in this work I've spent weeks working on a single project to understand customers and with these some of these tech powered platforms, you can do this type of work in hours because you're able to reach people faster, you're able to layer in some technology and artificial intelligence and machine learning to understand what's going on so you can process and get to really the moments of insight that really tell you exactly what's going on. So we're not saying get rid of data, it's just that we should be using it or we should just be more smart about how we use it. Yeah, absolutely. I would never ever say data is an important. I think it's just, but it is just part of the picture. Yeah. You know, it's just part of this holistic understanding. You've got to marry, you know, what's happening and all the data that you're collecting with, who your customers are as people as human beings. And you know what's interesting about this is that when you actually bring the customer into these conversations, or you show a video of a customer and you can, and the team can see their face as they interact with an experience, or they give you feedback about something that they don't like or something that they do like about what you've been delivering,
Veteran on the Move
"sam walton" Discussed on Veteran on the Move
"Founder of patriot family home. So Joe, on the break, we were talking about some of the things that you've got going on right now. You actually have a really good internship program. And it's tied in with our army career skills program, which we talked about at the beginning. So tell us a little bit about what an internship looks like either for future veterans. Anybody getting out of the military and also a military spouse job opportunities. Yeah, so we'll start with the internship first. So we've gotten to work with some great interns ranging from full bird colonels to junior NCOs and kind of everywhere in between. And so interns who come and work for us a couple of different paths. They could take depending on what their most interested in. So our companies organized around an acquisitions department and that acquisitions department then has a group that's focused on buying new homes. It's focused on the rental arbitrage master leasing strategy and one that's focused on sales and business development for traditional kind of management of short term rentals. And then once a house moves from acquisition, the next phase, if it needs it as renovation. So if you've got a if you're interested in construction or rehabbing or house flipping, we've got a Reno department. So folks can go work in the renovations department and kind of see how that works. And then after House goes from renovation it then needs to be furnished and set up. So we run our own warehouse. We procure all the furniture. So if you're interested in logistics or interior design or something to that sort, we have to procure all the stuff, get it in the warehouse, have it organized in the warehouse, coordinate delivery from the warehouse to the house and then obviously furnish and stage the home. And then finally, then you have your kind of ongoing management of the properties and that we split into two categories, one being traditional kind of on the ground property management maintenance cleaning where local staffing and so forth. And then the digital piece, which is all the kind of guest communications, guest services, pricing, managing the platforms, all the technology, that piece of it. And then finally, we have our back office functions, which are HR insurance, and accounting. So really, all the way from if you want to go be a house flipper to if you want to be working accounting, you know, we've got a different place we can plug you in. The one thing that I require of everyone is I'm a big believer in the kind of Walmart Sam Walton model of you kind of waffle House model as well. You Chick-fil-A, you kind of start at the ground level and you've got to be willing to do the job of everyone that you might be in charge of one day. So I tell people we had somebody who came to us one time and they were like, you know, I didn't, they were very frustrated in the early days. Their internship because we were having them do some pretty basic menial stuff and houses and that wasn't exactly what they had in mind and they said, you know, I didn't come here to change locks and change toilets, I came here to learn about business development and the business development real estate and I said, how do you think I started my real estate and business development?.
Dentistry Uncensored with Howard Farran
"sam walton" Discussed on Dentistry Uncensored with Howard Farran
"That's why the greatest companies are all come from small towns. Like, Walmart came from Bentonville, Arkansas, and I remember reading his book and my gosh, a patient coming in town and saying, well, my husband, my wife, you tell hell in a church. I went into your place. I bought some high heel shoes that heal fell off. I took it back to exchange and they say, oh, we just saw it. We're not responsible for them. And let me tell you something. There's 2000 people living in Bentonville, where there's now only 1995 and we will never go to your place again. So she would tell. Sam that. And Sam say, well, there's nothing I can do. And she's like, what kind of attitude is that? There's so many. So as he got bigger, you know what he'd do? He'd take all the returns and then they'd come back and they'd say, oh, well, you know, I'm going to order a hundred more, but here's ten bad ones that I want to exchange for free, and if they said no, he got rid of the vendors. And guess who didn't play his game? Procter & Gamble. And then he was in two thirds of the states. And P and G wasn't there. European G, they dissed the wrong guy. So you know what they did. They moved their headquarters to Bentonville because they thought, okay, well if we move our headquarters there and we put our employees there and all the employees against them, the same churches and schools and softball games and restaurants. Eventually we'll make enough French 'cause Sam Walton would rather shoot our CEO of the doctor. He hates her guts, but someday those two are gonna die and it took 5 years of networking from the bottom up before Sam for gay P and G and let him come back in, but the bottom line bottom line bottom line is that it all comes down to relationships. And if you go under and you say, I'm hard for him and, you know, and you give him your cell phone number and your email address and you're totally transparent and you give him a refund of a fails and like someone will come in and they'll do a denture. They'll say, I hated my old entrance better. I want my money back. You're like, I'm not gonna give him back. Okay, great. So grandma's new denture lives two miles from your office, and she's 68. And her mother died at 98. So for 30 years, you're gonna have some 68 year old grandma telling everybody that you're the worst dentist in Bentonville, Arkansas. How good of an idea is that? Wouldn't you rather just make it right? I had a patient one time. I called her in the wife said he refuses to talk to you and I said we'd come in and she says, well, he says if he came in the office and saw he'd actually punch you. And I said, okay, that's okay, but I'm looking at his address. He's living on 21 19. He's tonto. I'm done to the days or anyway and stop by the house, and she goes, I don't think I'd be a good idea. I said, well, can I just go to the curb? And she goes, well, I don't recommend it. I did. I drove the curb, and I just went out there and he kept walking out. He was mad and a junkyard dog before is over. We were high 5 and we were laughing whatever. And he still talks about the time he almost knocked my ass out. And the bottom line is just stay humble. They're humans. There's two sides every story. It's not all I'm a dentist and you're not. I'll speak and you're right. These are my policies. I don't give a shit what you think. Man, we're all stuck on earth together. We're all in a biosphere. If you took an apple and cut it in half, that red skin is where we live, the whole bias, the whole amateurs, only 60 miles high, that whole apple, that's the 8000 mile wide diameter, and 90% of life you can't even see. I'm gonna be so sad we finally discover life on another planet because it's gonna be some snot ball on a rock. 90% of all life you can't even see. You're thinking it's gonna be some magical Tyrannosaurus Rex and it's gonna look like a burger out of here, some babies knows. It's gonna look like some shit out of an empty diaper and all there's life on another planet. It's a turn. We're all stuck in the biosphere. No one's getting off the line. We've been going around the sun 5 billion laps around the sun. We're all in it together. So just enjoy the ride.
77WABC Radio
"sam walton" Discussed on 77WABC Radio
"Dough And this woman Michelle knows how to work the system like nobody I've ever known She's cool calm and collected She knows when she gets into corner on those few occasions that she's clipped by the NYPD To be humble to show humility and obviously not flex not act like you got it that way even though she knows it Now know that at the end of the month she gets an SSI chip Social security check So you figure she's clearing there about a $1500 Plus he has a snap card Her picture is on it So she's getting groceries galore and oftentimes you can trade in your snap card if you decide hey guy give me some cash I'll give you my snap card You go to the grocery store the supermarket They don't even bother looking At the debit card with your picture on it A ought to be looking hey isn't your name Chester Why is it that all of a sudden it is the picture of Michelle I've seen here before and now you're using her SnapChat Never any questions asked she gains the system she plays the system And yesterday on Jesse Walt is on Fox I made her throughout the nation public enemy Number one Founder of the guardian angels What is going on Well I actually know Michelle Michelle You know that woman She's out there She is every day going to work and she said she gets SSI at the end of the month She gets to snap card Food stamps She plays the system and we this way of the suckers that taxpayers who fund all this But she's JV She's not even in the Boston yet You're saying 97 arrests is just JV Oh come on JB that she's not in the box You got to be over a hundred century much You're working with Now this is this game You go into court and as you can see show humber herself She'll be in front of the judge Judge said I just saw you I told you not to get in trouble again She goes judge I just want to complain disorderly conduct which is a violation It's not a misdemeanor not a felony Boom out in the street do it all over again The judges know the ADAs the defense attorneys the cops There's no smart judge that sees a rap sheet almost at a hundred and says you're going to serve time now Nope Why not No because it truly believed that based on her lifestyle even though they know nothing about it that she's a scam master extraordinaire There's something in her life that has propelled her to do it You know what it is Us We've given already he passed We told him there's no consequences You don't need a job This is a job and there's so many people out there doing this each and every day all over the country All over the country Even in Walmart right You would say oh no not Sam Walton right Of course because you're in no consequences We're going to be following her And Jesse water's prime time will report when she hits a hundred That's a big milestone She will be a varsity member now And we're going to actually confront some of these judges because this woman can't keep doing that And she will not be doing any time She played us just not going to be playing me anymore It's over On a bad chasse Now he said I want you to come back on the program as soon as she gets Cole busted the hundredth time I have a feeling clear my calendar for next week if you're listening Nancy because this woman the way she gets busted I'll be doing a replay of the life and times of Michelle Mai bell and she's just one of so many who play this system and there's nobody Nobody doing anything about it Absolutely Jack deadly squat nobody Now right now we have to see if you're all fired up out there or if you were put to sleep by Tony Orlando without dawn with all those Beatles songs at kinda hate The Beatles And put me right to sleep We need to energy up ladies and gentlemen and also because there are always acts of sabotage And is you better make sure you're not sabotaging my program tonight We got 6 hours to go and it's going to be 6 hours of jumping and pumping energy I don't want anybody falling asleep out there look if you fall asleep during the day cup snuggies That's your problem But from this moment forward you are going to be electrified but we have to make sure that our disqualification is working That is what is attached to a 50,000 pound for watts of sound tower of power in Lodi New Jersey making us the number one news start station in the nation At this very moment we can be heard in 38 stage parts of Canada Yes parts of Europe and in the Bermuda Triangle where many a sailor on his way down to Davey Jones's lockhead was heard actually having a conversation beforehand Before he went into the big drink then he was listening to Frank murano on the other side of midnight which you can hear Monday through Fridays from one in the morning to 5 And then I got you on the backhand side on the weekend version of the other side of midnight One to 6 on Saturday mornings and now we're right into it on Sunday morning 12 midnight to 6.
Bloomberg Radio New York
"sam walton" Discussed on Bloomberg Radio New York
"He is the head of consoling research at counterpoint global at Morgan Stanley It's their buy side investment management So in the book we're going to talk about earnings now but I have to bring up the broad changes you identify in the market and we're going to circle back to these but I want to reference these relative to earnings The shift from active to passive the rise of intangibles the move from public investing to private investing and then the major changes in accounting rules all four of those things have changed since the first version of this book How significant are they to how earnings are accounted for and valued by investors So I mean maybe we can parse these a little bit because I think the active to passive thing would affect if it affects anything would be things like our markets more or less efficient and things like that So I don't know that that's a big thing for what we're talking about in terms of earnings And the other one is public to private And even since we wrote this book there I think there are third fewer public companies than there were 20 years ago But on that point keep in mind there's been some studies done and a huge swath of those were penny stocks that got kicked off the NASDAQ and onto the Peninsula and nobody really cares about them Yeah that is absolutely correct But the nature of these companies have changed in the market caps and so forth But again that I'm not sure that's a big story for earnings I think the one that accounting changes But I think the really big one is this rise of intangibles that you pointed out And just to give well first of all let's go back a little bit even further in history back in the 1970s tangible investment So tangible physical things think factories and truck room machines drills all that right Those were twice the level of intangible investments And intangible by definition non physical So think now branding or patents copy software code all these kinds of So two to one tangible to intangible At the time we wrote the book so called 2001 20 years ago they were the first version of the book They were at parity And our estimate is for 2021 that intangibles will be more than two times tangible So in the last 20 years alone you could sort of say they started the race basically neck and neck and now it's much much more intangible So why is that important like why do we care about that That's important because tangible assets the way the accountants record them is their capitalized on the balance sheet It's property plant and equipment which we then depreciate over time So it does show up in the income statement but primarily in the form of depreciation By contrast intangible investments are fully expensed Now the most famous of these is research and development We've known that since the 1970s the fasb decided that R and D should be expense And there's debate about there's been a bit about that for a very long time But now R and D is only a quarter of total intangible investments So there's lots of other stuff that's going on That's all expense So what does that mean all things being equal The answer is earnings are a lot lower than what otherwise be I always like to point out that great companies like Walmart great companies like Home Depot for the first ten or 15 years they were public had negative free cash flow which their investments were bigger than their earnings So they had positive earnings Was that a problem No it's fantastic right Because their investments had very high returns on capital And so and by the way Walmart for example it's the first 15 years tripled the performance of the stock market right It crushed it And when you that's a substantial compounding advantage But the problem is now where we're conflating investments and expenses on the income statement and we don't see that we can't unpack those things And just to jump in places like Walmart and Home Depot and those they're buying land they're putting up new stores they're expanding So that sort of tangibles does show up on the balance sheet That's right and that's the whole point So and by the way even Walmart Walmart for sure was an early user of technology If you read Sam Walton's book which by everybody should it's a fantastic I reread that memoir just last year It's just awesome You know they were early users of technology So they were early intangible users as well but you're exactly right The vast majority of their investments were physical You can kick it until and so forth Whereas other companies that is not the case So yes so that to me is a watershed change and that's why earnings again if you're focusing on cash flow these things become much less important because we're getting to the ultimate root answer But if you're simply using multiples or some sort of shorthand you're going to just miss this very significant development So people love to point out how expensive the stock market is and how pricey we used to call them fang But if we look at the top ten or 20 technology companies or the top 25% of the S&P 500 by market cap those appear to be pricey but these are all companies that have massive investments in intangibles So it's Google it's Apple It's Netflix It's Microsoft It's Facebook Go down the list It's in video All these companies are they own software They own patents They own processes Does this imply that these pricey technology companies I left out Tesla from the list Are these so called pricey tech companies that have so much sunk into intangibles Are these perhaps less pricey than the average stock analyst beliefs If you're using traditional multiples you get a very different picture And we recently wrote a report called is called classifying for clarity where we talked about we argued that certain things should be restated in the statement of cash flows And we use as our case study Amazon.com So one of these companies And Amazon back our calculation or our estimate is that Amazon's intangible investments in 2020 were $44 billion Astonishing And if you amortize if you build those scheduled amortize it it still comes out to $19 billion of net profit increase Now Amazon's profits last year were about 20 billion So just if you accept this job double the profits right now we could quibble about the details of that So and so forth But basically that is no that's exactly right And the EBITDA numbers don't quite double but they close to double And so now the flip side of all that that's the earnings are better But let's also recognize the investments are a lot higher than what is reported to And so I always say the job of an investor is to understand the magnitude of investments and the return on investments to understand future profits And so for a company like Amazon they're earning a lot more than people at least what they seem to report but they're also investing a lot more And so there's still lots of judgment as to whether those investments will pay off and so on and so forth But you're exactly right It's a very distorted picture Without commentary So this is the whole thing about the market used to trade at this multiple It's just the underlying nature of our markets our businesses our enterprises are so different today that I think that those comparisons seem to be very simplistic And then just throw in the whole interest rate thing as another curveball Quite interesting Coming up we continue our conversation with Michael.
Your Own Pay
"sam walton" Discussed on Your Own Pay
"You know that he. I again like bob said it's the effort that people put into whether they can satisfy your not not necessarily point but it's the respect respectful attitude and the effort that they into it. That really helps out more than anything else until you. I'll tell you one profession. You know. I mentioned radio shack and also say walmart in a way calling walmart on. The phone is a disaster. Maybe in person. It's not so but calling them. Up is a disaster waiting to happen. You call them and if you know the department that you want they transfer you all right but then it rings and rings and ring. Nobody picks up your they're exceptions. I'm not gonna say there aren't but most times when i called walmart and i wanna speak to the electronics people or another department ring ring ring ring ring ring ring ring ring endless ringing but see six. I'm sorry go ahead robert. No i'm going to say i. I noticed that change to right. After sam walton died he gas. What's have been thirty years ago and treatment interested. I'm intrigued by the consummate robert. What does the death of sam walton have to do with the phone ringing all the time because he was the one that was more interested in the customer than the people who took over and ran the company for him after he passed. Okay so look. They were the people that took over. The company were are more interested in making as much money as they can't for the shareholders than the actual people were coming in and making him success. So let's talk about walmart. Because i had a similar experience. I went into by just moved into a new space and i needed to buy basic stuff like soap toothpaste and cleaning stuff and we couldn't find word of find soap cakes of soap and yeah finding somebody there to help was was impossible. Just an issue. I think is not so much. The employees they customer service is not important to the management walmart at. And that's you know they don't hire enough people they they make. They make their money selling stuff for less. And when you buy things for less you're going to get less customer service. That's that's the way they do it and they're they're doing quite well. You know. their profit levels are very very high. But you get lousy customer service and that's outside you're right. It is a downside. But sooner or later you know it's going to be a simple matter.
The Next Big Idea
"sam walton" Discussed on The Next Big Idea
"To this crazy. Scientists urologist a bunch of kooks. And they don't want to deal with it so vannatter bush who was in charge of that worked with them to get the sign. Get the pilots to try it out and they did. Nothing happened for almost a year. So finally he said the problem was transferred the other way so we got the scientists the crazy artists to get in the carpets with the pilot and they discovered when they were flying over the atlantic or when they were flying over battlefield the pilots when they were being shot at fine hundreds miles an hour. They didn't want to deal with in a thirteenth switches on these crazy boxes worked but there are so many switches there. We didn't have time to figure it out. They realized that technology was great. The user interface was lousy. They went back identified. This created this display the movies with the oscilloscope and sweeping line. Put it in the plans. Planes went out within thirty days to germany. Lost one third of ubud fleet two months later the german admiral sent a message. All the boats in the atlantic withdraw. The dallas lost. The lanes were clear to resupply england. The lanes were cleared for an allied invasion your so. That's how managing the transfer is so important. You need to be gardner. Not right they say you need to set up a loose shots to have in a business sense. Your soldiers are are actually delivering. The profits from franchises. That you've already established you gotta make sure that there is. They're separated but there's a channel of communication between the now you also write about different types of lucia. Some of them are more about strategy. Some of them are more about products tells about that why matters this is enormously especially today because there are these two types of it. There's a a product. Explain what i mean. But there's a product that everybody says will never work whether that was telephone where people sit out. It doesn't work that if it does is just going to be a toy the transistor you could never make stretch out of solid state devices or personal computers digital products and people said could never work. Small shifts in strategy are subtle changes in how you deliver stuff to customer. That had known technique. I'll give you an example sam walton. When he was a young kid wanted to open a retail store. So i want to do it where people are which is big cities so of course it turns out his wife didn't like big cities and said i'll sam honey support your dream but i'm not letting town with more than ten thousand people so he liked being married also liked clam hunting and he discovered. There was one region in the country whether these four states that are you know media points in four different quayle seasons. We said. let me go there. Because i'm not gonna quayle all year round and also remarried. Win win bentonville arkansas. That's where he opened his store new technologies. He just moved a slightly different place. Sold stuff a little bit cheaper white out the entire industry that was s title in child. No technology so the problem is most people have a blind spot to one or the other especially today in our culture today. We worship products. Brian product these product. Innovators myths subtle shifts in strategy. And i'll give you an example. I mean if you remember when ibm was dominant computer company. In the world. The industry was ibm. In the seven dwarfs it was so much bigger than any other computer company. And what happened to that. They're not even players in that in that computer business now. What happened to them. They had a blind spot what was by. They saw themselves as a company and that was true for thirty or forty or fifty years. People think the personal computer took out. Ibm not what happened. Ibm was the dominant product company. And they thought what we do. Is we make people buy our products. Hey personal computers and other product. Let's do it. And they went all in and personal computers and there were a little bit after apple a little bit after commodore and tiara and radio shack and they ate their lunch. They went to number one they at billions of five billion sales. In first three years they were the dominant personal computer company happened. They missed a subtle shift in strategy. They missed with customers cared about so in the course of building. This product is everybody buys. Ibm brand because we're ibm. We make the best products in another product by this stuff in the course of building that computer. They said the stuff inside doesn't matter slow stuff like oh i don't know. The operating system outsource that to at the time and thirty two person company in seattle called microsoft and other components that called the microprocessor. That also doesn't matter what matters is product in our brand because that's what people want the product. So let's we're going to outsource to a little Chipmaker company that's kinda struggling financially in silicon valley called intel fast forward. They didn't realize customers didn't care about the brand. They just wanted to send emails to their friends and for that. The brand of the box doesn't matter what matters is standards stuff like software microprocessor. Today the combined. Mike marquis of microsoft and intel is well over one and a half trillion dollars. Ibm is not even a tenth of that. So that's what happens when you miss your blind spot. What is a lesson from the book about how to be effective as a leader in a large organization. The three things you need to do one into set by since. I don't have a very good memory. I remember it. Visually i remember it as an ice cube a garden hoe and a heart ice cube separate your artists in your soldiers does different jobs different languages. You need different systems. Ice and water number to be a garden. Moses you gotta manage the transfer number three may actually be the most important anyways and it's not talked about as much and it's it's so frustrating people get so wrong number three. I mean love your artists and soldiers equally. I'll give you an example. A friend of mine is a well-known magazine and his putting is in charge of putting out an issue every thirty days and she was complaining to me. She said the senior management is just always in love with whoever squeaking the loudest about the the latest shiny penny in about others as we could deal with this purge blah blah blah blah and pays no attention to the people who are doing ninety five percent of the work of putting out a magazine every day. So how does it make. Those people feel like crap taken for granted. Why raining little scrapers. Getting all the attention from the ceo's what you find is truly great leaders have learned to balance and appreciate because you need just having an idea is getting the ball from your your goal to your five yard line. The next ninety five yards down the field is about turning that idea into a product about delivering product and then on time on budget. You need the soldiers for that ours for that and they both have to be appreciated. And let's go so for the many folks here who are at being worst building company. So they're at they're very embryonic stage. What are some lessons.
The Pomp Podcast
"sam walton" Discussed on The Pomp Podcast
"Investing down to value business environmentalist. Less better really important principle. pod what i'm doing in the book is i'm trying to find these kinds of mazda principles that apply multiple areas of life. Because it makes me think well if this applies just as well in spirituality. An health as investing. It's probably true. It's probably powerful. And i think that's the case with cloning while when you look at something like cloning just this idea of borrowing the best ideas from people who are small from wiser than you rather than trying to reinvent the wheel you see it in every area you see it in literature and painting and music and medicine and you see it in business. As well i remember charlie munger talking about willnot and saying that sam walton founder will not just absolutely fanatical about taking taking the best ideas from businesses Using them himself it was his fanaticism. That set him a pop. And i think that's often the case with with the most successful people. It's it's not necessarily the principles that operating principles in different neurosis. It's element of fanaticism. It's it's when you find a concept that works cloning all simplicity. You really wanna go a thousand percent on if it's if it's a really smart idea that resonates with you go big on it. And that's that's definitely what i see what people like money's fabric when when he discovered Cloning he he just went crazy Why would i not do this. And he's like if nobody else will do it Let me do. It makes it makes so much sense when you put it with such clarity One of the other ideas that you talk through is when writing about nick sleep This idea that basically don't focus on the things with the or you have to focus on things with the longest shelf life not necessarily the things that come and go And then you even go into this idea of being willing to withstand suffering right you. If you really understand the long-term almost the short-term doesn't matter and that also plays into this idea of tom gaynor where you talk about the best investors build habits that compound over time and so as you start to kind of think through this it feels like most investors that long term thinking ends up actually putting them at ease in the short term and they focus more on process than outcome understanding that. If i do the process correctly. I have a long term time horizon. I am likely to end up winning. More than i'm losing is that is that a fair characterization. I this is a really important idea. I ended up writing about this guy. Nick sleep. You mentioned his a fascinating character who Nick and his partner. Zack who They retired as hedge fund manages..
Mixergy
"sam walton" Discussed on Mixergy
"I can learn from. Auto grow about creating a business like autograph. What are some of the things that if i were to say. You know what. I'll all. I wanna do is pick this one thing that i do really well and set. Set it up as a service to my audio just cut out. Just say one thing. Yeah for the audience. A think one thing. I learned from that experience that i think applies to business is like you know if you have like an obsessive mind and i and i do you wanna make sure that it's pointed in the right direction because for me like where i can you can follow up. You can follow it kinda chase after whatever the relationship or another problem that might be going in your life but once i turned that focused towards the business. That's when things really start to kick off. So i just want mean focus that you had about the flaws that she helped you identify the twenty two things. If you could take this obsession which we all have. I think and pointed toward in the right direction. Then it's good if if it goes on to something that's that's harmful for you. It goes into overdrive harmful because of the way that we are externally focused on on something as dependent on someone else. You know telling you something or giving. Yeah verses like okay. What's more in your control. What's what's more like healthy and beneficial to us like our while. I'm gonna go build this business and make it really successful. And it's going to employ a lot of people and it's like the sexually satisfying feel great about it. I think that makes sense. I find myself too. I get obsessed. I don't play chess every once in a while. Have to play chess all the time. And i have to do puzzles and after do a coach and i've gotta learn need to get all my feet right. I get that all right. let's come back auto grow. It's doing well you finally nailed it. I wanna know if. I wanted to come up with something like that. What do i need to do. It seems to me like one thing that the people who are in your type of business. Tommy a lot is the project. Management software is so important that inevitably they all end up creating something for themselves. Right am i right that that seems like an insignificant piece but for some reason it's it's critical. Yeah i mean it's it's a common thing you know if you love the clients are always asking. What's the latest like where it was everything hat in terms of my website or my design project whenever it is and that was a common theme that we saw i said well you know we wanna give transparency. Have we make this experience better. Software seems like a great way to do that. And that's why we have these real time. Progress bars in our app. Now that show that in the app that your customers use got it so regular project. Management software is not enough. You can't use an asana. you can't use basecamp camper monday. You need your own partially because you need outsiders to see whether progress is an insider's to know what they're driving towards into manage all these outside projects annexed clients feel in control. I think that's a big fan that for agencies especially the founders. It's you often feel out of control. Like can feel chaotic people down the clients projects of invoices. You know what i feel like. It's it's come up so often that i feel somebody needs to create software for companies like yours that is specifically meant for people who are doing service work on a systemized basis for a set of consistent customers. They need both that internal asana and the external dashboard people. I think the founder of design pickle was working on it for a while. He told me. I don't know if he took it further than the initial stages. But i can see that being important does asana work. Is there something that you recommend the beginning before building a love our clients still use it in years us on the back end from from their perspective but for their clients and they're The rest of their team. They'll use on internally and we're working on integrating with the slack for notifications to be into slack. Got it okay. What else. We talked about being narrow enough that make sense but also broad enough that it's more complicated than people can handle on their own. They figure out lead pages on their own they could maybe figure out lead pages and convert kid but if you go beyond that and have to put all the pieces together then they don't want to figure out maybe they can't and so that's critical to do not just the work but the hard work. What else is important if we want to do this. Can you define this. What do you mean if we wanna do this. Oh if i wanted to build a business like yours. If i i'm admiration of how you finally figured it out. You found a problem. That's significant enough. You started out in a way that you could almost do it on your own but easily understand. There's a vision to do more than just a small part this this i i call it services software. Because that's the phrase that you use. What else would we need to know if we wanted to do that. Well i think one of the things is you don't. We didn't start with the software that that came about six months. After we started we started selling. And i think that's kind of a best practice of one of the themes that if you can see him with each of the ventures that i started was it was always there was always some success right in the beginning because we were focused on selling or pre selling so that was good but i think as far as building something niche or productized. Maybe one one area and i think one of the biggest challenges is hiring is going through large numbers of applications. You have to be prepared to understand like what is your standard. Because i've signed up for a number of other products and services. Like just to kind of do like i. I read this Biography by sam walton. Where he used to go into his competitors stores. He walked down the aisles. And you get ideas that got like that. And so i signed up to for other products and services that are out there We don't have you know i. I don't think we have a lot of direct competition because what we're doing is really hard but you know for productized designing services that are out there signing for few those The quality isn't that great. I think it's because like yes. They're hiring the top one percent but they're guaranteed to hire the top one in one hundred even if that one in one hundred is not that great so it's really important to like no okay. What is your standard. What are you willing to accept as far as quality during the hiring process in what are you. What are you going to say no to model. What because i think that if you're trying to grow something that's product ties and Based on the talent that people have to bring you can only grow as fast as.
Software Engineering Daily
"sam walton" Discussed on Software Engineering Daily
"It is acceptable to release a new product. That is not entirely scalable. If it becomes popular the back end engineers can figure out how to scale it. The back end engineers. Facebook are motivated by the idea of enabling new product experiences. They enjoy seeing the quality of their infrastructure compound. Quarter after quarter. Just like the tick tock improvements of the normal moore's law conclusion in his autobiography walmart's founder. Sam walton expounds on the principles of discount retailing and discusses his core values of frugality and a bias for action a willingness to try a lot of things and make many mistakes. Jeff bezos included both in amazon's corporate values the everything store. Jeff bezos in the age of amazon by brad stone in the software industry. Every new company learns by studying. Its predecessors the industry evolves as technologists survey the landscape of companies. That came before and decide what they will copy and what they will do differently. Much of this knowledge. Transfer happens via books written about these companies. This book has made an effort to capture some of the elements of facebook that enables the company to build popular software. We hope that readers of this book found useful knowledge that they can apply to their own businesses and creative projects. This book is a case. Study not an instruction manual. Facebook was built in a specific time with a specific set of engineering constraints. You should not copy every aspect of facebook. You should consider the framework poor decision making that made facebook successful and try to evaluate your own decisions in light of it. What is the most important takeaway of this book. Move fast move. Fast is a remedy for market adjustments for technology changes and cultural stagnation. In order for a company move fast. The entire company must be oriented around speed in the previous chapters. We explored facebook's approach to moving fast. In this conclusion we briefly revisit. The facebook story and consider what we can learn from it..
Chase the Vision with Isaac Mashman
"sam walton" Discussed on Chase the Vision with Isaac Mashman
"You could very well be listening and be one of these people talking about. And i'm here to tell you that if this is something you wanna do then you need to come into it with long play mentality. Aggressive patients is what you need to develop. It's not saying patients that this is going to take forever. And i'm gonna lay off the gas but aggressive patience is understanding. It's going to take a while. So that is why you're applying more pressure to it. Don't give up. don't stop keep working at it. If you've already devoted six months out of the year to doing twenty different episodes then why not vote another six months and get to forty or fifty and you know maybe be a little bit more aggressive with your schedule. Be more aggressive with your content until you start seeing that momentum happen. If you don't put in the time you don't devote the energy that how do you expect that momentum and compound effects to occur right. Energy is neither created nor destroyed going into a more of a physics kind of conversation but even going and talking about quantum physics and the law of attraction energy attracts like energy. and so. if you're not giving out enough how do you expect to attract enough right. And that is a direct correlation to the efforts in the actions that you devote outside of the podcast. We can talk about clients. You might only land a couple of clients first year because you don't know what you're doing right you. You might be a little bit unprofessional. Your marketing methods and strategy might be lacking. You might not have a very firm package. You might not have a really clear service model or business model and so you're not seeing those massive results and instead of going in and fixing these areas of weakness strengthening them you call it quits. Think the business isn't working in the business model is failing you. It's not that the business model is failing you. It's not your failing yourself. And that is a harsh reality. And i'm here to tell you that instead of blaming outside circumstances are thinking that something is automatically not working revaluate it and ask yourself if you're doing something that might need to be changed if maybe you're not going at it as hard as you need to be going at it a lot of times man. You know entrepreneurs have to spend years and years and years to get that momentum warren buffett if you look at the you know the amount of wealthy developed i believe like the i like thirty forty years of his life of investing he might have only been with worth like a couple of million dollars and it wasn't until he was in his fifties that he started hitting the billion dollar mark right. Sam walton founder of walmart. You need to read his book made in america. He's literally giving you the secret sauce of how built the machine known as walmart and when he was on his deathbed right before it because he was battling cancer and he was already an older gentleman gentleman. And he's like i'm not gonna make it through..
WTMJ 620
"sam walton" Discussed on WTMJ 620
"Management studio at Radio City. Here's John mature. It is July 2nd Hope your Friday is going fantastic. It was on this day in 1938. That Amelia Erhard and her navigator Frederic Neumann, disappeared over the Pacific Ocean near Howland Island. In her attempt to fly around the world. 1938. Lots of searches have been done. Lots of articles have been written. Amelia Earhart has never been found. One of the great mysteries. It was on this state in 1962. That the first walmart opened. I don't know why. I just don't think of walmart being around for 60 years either. I'm guessing it was a lot smaller than it than it is now. They don't guessing you're right. Super Super Walmarts. Doesn't it feel like the nineties is kind of when it really hit its stride? Yeah, Yeah, so I would have guessed Sam's club opened before Walmart. Because Sam Walton is the founder, right? Walmart doesn't compute with me back that long. Of course I'm not 60. No, but Sam Walton. It was in his hometown of Rogers, Arkansas. In 1962. Another important date in U. S History is on this day. Two years later, in 1964 that Lyndon Johnson, the president signed the 1964 Civil Rights Act outlawing discrimination. Lot of stuff going on, including. How about those bucks? How about those bucks? One more win from the NBA Finals? Greg's got you covered in sports. We've got you covered all afternoon. During the four o'clock hour. Tony Smith, former pro and ESPN Milwaukee host will be with us talking a little bit of bucks as well. The 33 comes your way in seven minutes. Greg's up next. When a new baby is added to the mix. Saving money becomes a real priority. Shopping at ST Vincent apart. Their stores can help with an abundance of baby clothing and toys. All.
Imagine a Place
"sam walton" Discussed on Imagine a Place
"The word that you were talking about earlier you read these stories of these founders of these business people of these like tremendously successful people right. I mean donna karen. Dkny and sam walton of walmart and nike shoes. Like these big mega brands and you hear their story of of failure and risk and stress. And they take you through because all we see the end result. And so you know whether you're building a brand or building a business or trying to build a sales practice or advancing your career or whatever it is you're you're looking to achieve and accomplish in your life and we look and we. I know i find myself all day long. I mean social media has made it like toxic environment. Sometimes you know it's like you can't live with it..
Morning Edition
Uber, Gig Companies Seek Labor Deals to Avoid Workers Becoming Employees
"For the Supreme Supreme Court Court attorney attorney general general and and Legislature Legislature all all agree agree that that there's there's one one accurate accurate term term forgive forgive workers workers employees, employees, a a term term that that guarantees guarantees benefits benefits and and protections. protections. Good Good companies companies spent spent over $200 million on Proposition 22, which legalizes a new sub employee category. There's limited benefits, but the company's still controls how the workers work and how they get paid. Here's uber CEO Dara Couser Shah He our proposal is essentially what we call an independent contractor. Bus model gig work of cross model, the independent contractor plus Well, Sam Walton and Wal Mart mainstream fancy titles for low paid employees get companies like Lifton uber have succeeded in writing their terms for for workers workers into into labor labor law. law. I'm I'm Sam Sam Burnett Burnett Security Security News. News.
Equity
Slack investor Index Ventures backs Slack competitor Quill
"We have a really interesting chose we has an early speak about quill is a series A. Company but I'd never heard of them and they have been operating stealth communication than slack which is the tool that basically all of us news today yeah so it out to me because index ventures had been investor in slack since two thousand fifteen certainly a venture will Sarah Cannon is her name she was a Board Observer at slack now I flagged this all was on the board and made that investment so I'm curious Alex Way you think what your impressions are well the six months ago give or take somewhere in there so presumably people have had the chance commentary after I posted this story some people saying that actually being a Asian you don't have any votes you're sort of by the name is the name suggests you're an observer is listed and then she goes and invest in a slack competitor early stage in and here's my question though because you and I do slacked we use it every single day of my life we did you and I have in had focused on threaded comments with condo focused IRC which is kind of slack? I'm of Ludwig Peterson who was stripes former creative director and his expertise in design he worked at Sam Altman who was the former president of y combinator kind of about what he's seeing he's actually looked at their product I sabotage workplace productivity because it is a distraction and I and I don't think it sabotage workplace Eh but hasn't done the best job to continue developing the product in such a way that does minimize distractions do things but Sam Walton who led the two million dollars seed right into the company has a perspective because if you recall Microsoft by Yam are back in the day way in the priests like era actually are you familiar with the inner ring and outer ring and they think that inner ring communication but I will say with twelve and a half million dollars and a lot of hype they have room if I remember correctly tandem integrates a bunch of different sort of productivity tools and will we're also graphic design software to and like you can also use US instead of Google docs and a cycle that we go through every few years like Bundy Bundle Bundle de Bundle origin of like early stage is are to be focused as companies released into workplace productivity collaboration chat software but that doesn't mean slacks does and it's too early to say we have no idea of quills any good it could be crap but a starter
The Splendid Table
General Motors could face first strike in 12 years
"Members of the United auto workers union are expected to go on strike against General Motors now that a midnight Saturday contract deadline has passed Michigan radios Tracy Sam Walton explains the UAW says significant differences remain with GM on wages healthcare benefits temporary employees job security and profit sharing Michael fixes a manufacturing expert at Ball State University he thinks a strike is likely and it could be a protracted one in part because the you. an increased strike pay earlier this year you're digging deep into their their their pocketbook for that so this they're trying to set this up as the bell weather of bands of twenty nineteen the union has told Sunday shift employees to report for work so if there is a walk out it will likely happen Monday
Morning Edition
Israeli Government, Michigan And Israel discussed on Morning Edition
"The Israeli government says it will allow Michigan democratic congresswoman proceeded to leave to visit her ninety year old grandmother in the Israeli occupied west bank Israel's interior minister describes this as a humanitarian visit Michigan radios Tracy Sam Walton reports to leave had said Israel's earlier decision to bar her entry to the country at president trump urging was a quote huge error rushing to leave is a Palestinian American one of the first Muslim women elected to Congress and a harsh critic of Israel's treatment of Palestinians as well as a harsh critic of president trump she's become one of trump's favorite political targets on Twitter and in rallies Israel initially agreed to allow her to visit as part of a congressional delegation but reverse that decision after pressure from the president it's a really disservice to all of us the continuation of kind of silencing people like myself that comes from a different perspective to leaves grandmother who's in our nineties lives in the west