Michael Lewis

speaker
11,580 appearances 71 recordings 16 series first heard Sep 2020 last heard 23 Jun

Michael Lewis’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months
44 · Oct OctJan 26AprJulnow

Recordings per month over the last 12 months — 64 in all, peaking in Oct 2025 with 44.

Appearances

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And we didn't need to do more than that.
When you went into it, did you know anything?
What did you know?
When we went into starting work on Costco, we do nothing.
It was Charlie Munger's favorite company.
There's lots of stuff out there.
Oh, all right.
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.
No.
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.
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