#366 Mr. Beast Leaked Memo
Transcribed with NVIDIA Parakeet · Timestamps stay in sync with the live audio
A few months ago I got to spend seven hours over two days with John Mackie, the founder of Whole Foods. And it was during one of our conversations that John Mackie told me one of the craest things that anyone has ever said about the podcast. By the time we had met He'd already listened to over a hundred episodes. And he said that if founders had existed when he was younger
Whole Foods would still be an independent company. That since the podcast and all of History's Grace Entrepreneurs constantly emphasize the importance of controlling expenses. He would have put more of a priority on it. Especially during good times, it is natural for a company and for human nature. To not watch their cost as closely.
Because everything else is going so well. The importance of that idea was noticed over a hundred and fifty years ago by Andrew Kearney. He would go around repeating this mantra. He would say profits and prices were cyclical. Subject to any number of transient forces of the marketplace. Cost, however. could be strictly controlled.
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