A Quote by Charlie Munger

Kellogg's and Campbell's moats have also shrunk due to the increased buying power of supermarkets and companies like Wal-Mart. The muscle power of Wal-Mart and Costco has increased dramatically.
Wal-Mart has become the whipping boy for political demagogues, unions and anti-traders. I suggest that they have the wrong target.... Wal-Mart exists and prospers because tens of millions of Americans find Wal-Mart to be a suitable source of goods and services..... unions and anti-traders should direct their outrage and condemnation at the tens of millions of Americans who shop at Wal-Mart and keep it in business.
Wal-Mart's size and scale is so vast they literally have the ability to change the face of the entire country. If Wal-Mart were to make a decision tomorrow to refuse to sell a single product made with partially hydrogenated oils, for example, we'd probably see rates from heart disease decline a few years later. That's how powerful Wal-Mart is.
I've seen articles suggesting that Wal-Mart buys at prices lower than our competitors', and that this gives Wal-Mart an unfair advantage. I don't believe it... What we hear is concern that in some circumstances, Wal-Mart may actually be paying more than our competitors.
I sound like a damn commercial, but half the crap in this house is from Wal-mart. The big deal about Wal-mart is that its open 24 hours.
Nobody forces you to work at Wal-Mart. Start your own business! Sell something to Wal-Mart!
If Wal-Mart invests a billion dollars and others invest $100 million, Wal-Mart is going to grow more.
Wal-Mart and what Wal-Mart does contrasts sharply with what the Green Party believes.
Wal-Mart has done more for poor people then any ten liberals, at least nine of whom are almost guaranteed to hate Wal-Mart.
I LOVE WAL-MART. I CONSIDER MY JOKES TO BE VERY JEUVINILLE. STUFF A 14 YEAR OLD WOULD LAUGH AT BECAUSE THATS THE SENCE OF HUMOR I HAVE. ALL THE STUFF I TALK ABOUT MAY NOT BE APPROPRIATE FOR CHURCH GROUPS HOWEVER WAL-MART AINT SUNDAY SCHOOL. AS LONG AS I DIDNT USE OFFENSIVE FOUL LANGUAGE I KNEW ID BE FINE. WAL-MART GETS IT, THATS WHY THEY BLOW AWAY THE COMPETITION. BESIDES ITS THERE STORE THEY CAN DO WHAT THEY WANT. THATS AMERICA BABY!
Wal-Mart doesn't really care about your faith. Wal-Mart cares if you have money to spend, and it is going to be as generic as possible in exploiting the holiday season for every buck it can make.
Wal-Mart is like a physical version of YouTube. You can find anything you want on YouTube. It let me access millions of people online who maybe wouldn't have tried yoga. Wal-Mart carries a similar heavy weight in its ability to reach people.
I love Wal-Mart. You can put that down. I love Wal-Mart. My husband and I hang out there.
Wal-Mart provides a chilling example of the damage that low-wage, nonunion corporations can wreak, and their business model is going to set the standards for our children unless we do something now. Wal-Mart is the sewer pipe through which good jobs are being flushed.
You know, without China there is no Wal-Mart and without Wal-Mart there is no middle class and lower class prosperity in the United States.
You go to Main Street, and Wal-Mart is coming to town and kicking out all the mom and pop stores. All the people that were in the mom and pop stores are now working for Wal-Mart.
Wal-Mart, we've been known for many years - back to the days of when Sam Walton started the company - we've been known for basics. The basic need of families and people across America. Wal-Mart was known as the place for basics.
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