The Best Paragraph I've Read:
"Kirkland also has a passionate and loyal fan base — not something you typically find with a private label brand. One guy even got a Kirkland Signature tattoo on his left arm and held his 27th birthday party at the Costco food court.
Kirkland’s success defies our intuition and experience. Shouldn’t lower prices lead to lower quality products? How can they offer rock-bottom prices but still have some of the best products around?
The answer is this: they get the best manufacturers in the world — who already have products on Costco shelves — to make Kirkland products. Yeah, you read that right. While customers might not know it, Kirkland products are often made by the same manufacturers who make the branded products that sit next to them on the shelves.
And not only that, but according to a Reddit user who worked at a Costco supplier, Kirkland products have to be at least 1% better than the equivalent branded products (on some metric of their choosing). Costco forces manufacturers to compete with a better version of themselves."
This paragraph comes from the Blog Napkin Math.
https://napkinmath.substack.com/p/how-costco-convinces-brands-to-cannibalize
Zac and Don talk about the stocks and future prospects of four different investment ideas: Costco, Netflix, Tesla, and Bitcoin. Zac and Don would like to remind their listeners that they are NOT investment professionals. They are only talking about these companies and investment ideas for entertainment purposes only. A person should never invest in anything based ONLY on what they hear.
The following are other paragraphs and books that are referenced during the podcast:
Netflix:
https://www.nytimes.com/2020/09/04/style/reed-hastings-netflix-interview.html
Tesla:
https://www.barrons.com/articles/tesla-crashes-the-s-p-500-heres-the-bull-case-51606515931
Bitcoin:
https://www.barrons.com/articles/why-bitcoin-is-the-best-investment-opportunity-post-pandemic-heres-what-will-drive-the-price-higher-51607134443
Book: One Up on Wall Street
https://www.amazon.com/One-Up-Wall-Street-Already/dp/0743200403/ref=sr_1_1?crid=H593BBY94BHG&dchild=1&keywords=one+up+on+wall+street&qid=1608567670&sprefix=one+up+on%2Caps%2C190&sr=8-1