Sunday, October 28, 2012

good talk

When Sam and his Managers went to N.Y. to buy they always walked taking no taxis.  When Sam had his lst Stock Offering in 1970 he kept 61% for himself and his family and it's done nothing but go up.  Today the Waltons have at least as much as Gates and Buffett put together.  A minor one the daughter of his only sibling his younger brother by 3 years James (Bud) lives in Henderson NV. and is worth 4 bil.  Warren does have something that Sam wanted as he wanted to go to Wharton after the U. of Missouri but hadn't the Scratch.  And how many of those "Financial Experts" on TV have read "Made in America," None.  They think that because Sam's Wealth stemmed from an Oklahoma Methodist Farmboy instead of some Jew, Jap or Whomever that there's something wrong with it, Money is Money, Geese, it all spends. When Forbes named Sam as the Richest American in 1985 there was a mad media rush towards him in which Sam himself said that he was pictured as....Sort of a Hillbilly who slept with his Dogs and kept Billions in a Cave.....  When I learned that you had no respect for money I realized that you had no respect for anything.  Wal-Mart has been criticized for doing in their Competition in the Small towns which is where it began bu tSam pointed out that a lot of these towns would have blown away had there not been a reason to go there.  He said I saved people many billions of dollars I've enhanced hundreds of thousands of Associates with many becoming millionaires and we've made huge contributions to Charity.  Sam had his 3 Sons and Alice working as soon as they could walk with Alice at "5" selling Popcorn from a Machine (I'd be Covered with Business and then they'd go inside the Store).  The Waltons are truly a beautiful Family, to Sam Money was just a way of keeping Score......Buy Low Stack It High Sell It Cheap Blow It Out the Door....                     

No comments: