Michael Lewis
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
That's the starting point.
Walmart is 100,000 to 200,000.
If you're a Walmart buyer, you're dealing with hundreds of vendors.
They're getting paid.
In some cases, they're getting multiple turns of cash flow before they pay the first time.
I think on average it's 27.
So some SKUs are selling in two days that they're turning.
They're turning it 10 times a month.
The only reason we did the episode was it was Charlie Munger's favorite company.
You said you didn't have any plans tonight.
Do you think you know more than they do?
I think there's a top-level misconception about what the venture capital industry is.
I think a lot of people think it is an analytical industry.
You're learning all about the company.
You're doing diligence.
It's not that you're not.
But that's the commodity.