Friday, November 6, 2020Volume 1, Issue 50 Bruce Greenwald, Twitter, Bitcoin Bruce Greenwald on “Value Investing: From Graham to Buffett and Beyond” Free virtual event on November 18, 2020 at 6:00 pm EST. After an introduction by Mario Gabelli, Columbia Business
Chick-fil-A Founder Truett Cathy Speaks at National Press Club
I had the opportunity to listen to a live webcast of a talk given by Chick-Fil-A founder and Chairman Truett Cathy this afternoon at the National Press Club. Chick-fil-A President and CEO Dan Cathy, Truett Cathy’s son, also appeared at the event. Chick-fil-A was a subject of a recent article regarding businesses that manage to maintain a dominant competitive position despite a Sunday closure policy. Read this article for more information.
Expand a Competitive Moat in Retail by Closing on Sundays?
On the surface, the idea of sacrificing fourteen percent, or one-seventh, of a retail store’s potential selling hours seems absurd enough. To do so on a day of the week when most consumers have a day off seems to be even more damaging for the prospects of a retail business. Customers want to purchase goods and services at times that are convenient for them. Many business models revolve around catering to the consumer and this often includes long hours particularly on weekends. Read this article for a couple of examples of cases where a closed on Sunday policy has been successfully implemented.
In-N-Out Burger’s Remarkable Moat
At a time when California’s economic and political foundation appears to be in tatters, it is easy to overlook how the state has often been on the leading edge of cultural changes in American society. Californians need no introduction to the success of In-N-Out Burger, a relatively small and privately held fast food chain that until recently had a presence mainly in Southern California. In-N-Out Burger’s founder invented the fast food drive through, a cultural milestone that changed the landscape of America. Read this article for more on In-N-Out and a video providing background on the company.