#378 The Last Oil Baron: Leon Hess

Leon Hess could recite the margins of every gasoline station on the East Coast. John Mackie, the founder of Whole Foods. could do the same for every Whole Foods. store. I actually spent a few days with John Mackie and he told me one of the craziest things that anyone has ever said about the podcast. He had listened to over a hundred episodes before we met. And he told me that founders existed when he was younger.

Whole Foods would still be an independent company. that since the podcast and all of His She's Grace Entrepreneurs constantly emphasize the importance of controlling expenses. He would have put more of a priority on it, especially during good times. During boom times, it's very natural for a company. And for human nature to just not watch your costs as closely because everything is going so well. This is something That history's greatest founders would warn a guest.

In fact. Andrew Carnegie would repeat this mantra time and time again. He would say. Profits and prices were cyclical, subject to any number of transient forces of the marketplace. Costs, however,

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