Sam Walton is often reffered to as a "bargain billionaire". He sold things cheaper than his competitor retailers - much cheaper. He was born in the dust bowl and grew up in the depression - learning to value the dollar and avoid unnecessary costs. He sold milk for his family after school every day. As he graduated into college with honors at the top of his class he was often referred to as "the hustler" because he had a knack for making money. He always had a classic leadership resume.
After college he began working in retail and studying it closely. He learned a way to capture the attention of customers by energetic service and dedication to the best price. After getting married he opened his own store and tried his hand in the retail business. He understood that a large amount of a very small number increased the number itself. Sam was simple and after many trials and heartaches of opening stores and yet falling deeper into debt, he finally opened a store double the size of his original locations and chose the no-thrills name "Wal-Mart". Sam watched his rivals continuously - was was the "stealth retailer". He was also the shrewd politician. He knew to to react in order to get a reaction.
Sam died on April 5th, 1992 and left behind him a legacy of low prices. He worked hard, believed in himself, outdid his competitors and put himself in the right place at the right time.
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