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Ryan Holiday

πŸ‘€ Speaker
15150 total appearances
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Podcast Appearances

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And turn out you're full of shit.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Yes.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Yeah.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

You roll them up, you create a centralized structure, you eliminate inefficiencies.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Well, as I say, it's not a principle until it costs you something.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Right.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And I told this story for many years when I talk about the Stoic virtues about this decision that CVS made like a decade and a half ago.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

They just decided that if we're like a health company, why do we sell cigarettes?

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Right.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Like it's bad for people and we're gonna stop.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

So they do, and it costs them, I don't know, a billion dollars a year or something in revenue.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And people are like, why?

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Like the rationalization to sell it is lots of other stores sell cigarettes.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And if people wanna get cigarettes, they'll just buy them somewhere else.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

And so they're like, look, if people buy this many cigarettes a year and CVS stops participating, the same amount of cigarettes will be sold.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

It'll just be distributed a little bit differently.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

But actually what happened is cigarette sales nationwide go down.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

Not like significantly, but just some percentage of those people that used to buy it from their neighborhood CVS or the one they would walk by in New York City just stopped.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

They smoked less cigarettes because they were harder to get.

The Daily Stoic
A Stoic Masterclass for Ambitious People | Codie Sanchez

So they make this decision that's probably mostly about branding and...