A Quote by David Wessel
At some point, people may decide that the U.S. stock market has fallen enough. After all, the U.S. economy seems to be getting better, that what happens in China is not going to have that devastating effect on car sales here or how many people buy Apple phones or what happens at - how many people shop at Wal-Mart.
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Many people have traveled all their lives and yet do not know how to behave themselves when on the road... Ladies and gentlemen should guard against traveling by rail while in a beastly state of intoxication... the morning is a good time to find out how many people have succeeded in getting on the passenger train, who ought to be in the stock car.
So, what people are actually left with to spend is maybe 25 to 30% of their income on goods and services, after paying taxes and after paying the FIRE sector (Finance, Insurance, Real Estate). Whether it's housing insurance or mortgage insurance. So there's an idea of distracting people. Don't think of your condition. Think of how the overall economy is doing. But don't think of the economy as an overall unit. Think of the stock market as the economy. Think of the rich people as the economy. Look at the yachts that are made. Somebody's living a lot better. Couldn't it be you?
How many stories do you know about people cooped up in places because of deep snowfall? How many stories where something good happens to those people?
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.
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.
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.
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'm interested in that thing that happens where there's a breaking point for some people and not for others. You go through such hardship, things that are almost impossibly difficult, and there's no sign that it's going to get any better, and that's the point when people quit. But some don't.
The food system is a very complex beast. There are people who are going to get their food at Wal-Mart or at Safeway; they're not going to the farmers' market. Those people need choices too.
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.
But the minute we went public on the stock market, which is how our wealth was created, it was no longer how many people you employed, it was how much you were worth and how much your company was worth.
I just want to meet as many people as I can and talk with as many people as I can, but whatever allows me to do that then that's my main goal. It's just to understand as much as I can about life and how it happens.
Wal-Mart has done more for poor people then any ten liberals, at least nine of whom are almost guaranteed to hate Wal-Mart.
People should buy a house to live in, not as an investment. Property has become such a national obsession - it was the primary subject at dinner parties and how many television shows were dedicated to the market. It's not good for the economy.
I never was a person that wanted that life...I'm a leader not a follower. I don't care what they say, or what they're doing or what they're wearing. Go ahead, cos come Judgement Day, all of that won't matter. How many people did you help. How many people did you talk to. How many people did you try to encourage. How many people did you bring to God. That's what's gon' matter.
There are going to be some people who never want Wal-Mart. That's OK.
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