@moseskagan Charlie Munger - Capital Allocation, business quality, long term thinking, incentives.
@AlexHormozi - operations, sales, marketing, startups, scaling.
A little taste of supermarket profits versus the banks in NZ.
The four big banks’ latest annual after-tax profits totalled $6.6 billion ( all Aussie). Woolworths NZ made $32 million on $8.49 billion in revenue.
That’s a 0.38% net profit margin. Not even half of one percent. Just 38 cents for every $100 in sales.
But sure let’s go after the supermarkets. And while we’re at it let’s go after the independent NZ-owned operators too. Makes perfect sense @NZNationalParty@NZGreens@nzlabour
👏 👏 👏
@tonycartman1@matt_horncastle There are plenty of alternatives.
Starting with taking responsibility for your own financial situation instead of subcontracting the future of your family out to the state.
@B98834084@mrjasonchoi Yes. If you write most humans an email with two questions they answer one question with another question or an illiterate answer.
I do wonder what results these types get from AI.