• Frank Byrd, CFA

"Overnight" Success


Amen of the Week

This past year I've been inspired to read books by folks who have built great businesses. Last week I began Sam Walton's memoirs, and I was really struck by how he describes his "overnight" success.


“Somehow over the years, folks have gotten the impression that Wal-Mart was something I dreamed up out of the blue as a middle-aged man, and that it was just this great idea that turned into an overnight success. It's true that I was forty-four when we opened our first Wal-Mart in 1962, but the store was totally an outgrowth of everything we'd been doing since Newport... And like most other over-night successes, it was about twenty years in the making.”


- Sam Walton, founder of Wal-Mart Made in America


This reminded me of a virtually identical statement that I read in Ray Kroc's book last year.


“People have marveled at the fact that I didn’t start McDonald's until I was 52 years old, and then I became a success overnight. But I was just like a lot of show business personalities who work away quietly at their craft for years, and then, suddenly, they get the right break and make it big. I was an overnight success all right, but thirty years is a long, long night.”


- Ray Kroc, founder of McDonald's Grinding It Out – The Making of McDonald's


Yours in the Field,

Frank Byrd, CFA

Disclaimer:

While the information presented herein is believed to be accurate, Fielder Capital Group LLC (Fielder) makes no express warranty as to the completeness or accuracy, nor can it accept responsibility for errors appearing in the document. Fielder is under no obligation to notify you of any errors discovered later or of any subsequent changes in opinions. Nothing herein should be construed as a recommendation to buy or sell any of these securities. It should not be assumed that any of the securities, transactions, or holdings discussed will prove to be profitable in the future or that investment recommendations or decisions Fielder makes in the future will be profitable or will equal the investment performance of the securities discussed herein. Fielder or its employees may have an economic interest in securities mentioned herein. This information is intended only for the recipient of this email. Under no circumstances should this report be shared with or forwarded to anyone else without the express permission of Fielder.


Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square
  • Grey LinkedIn Icon
  • Grey Twitter Icon

FIELDER CAPITAL GROUP LLC
535 FIFTH AVENUE, SUITE 602

NEW YORK, NEW YORK  10017

212.918.4844


Please see important disclosures in Fielder’s Form ADV Part 2A Disclosure Brochure and Part 2B Brochure Supplement. 

© 2020 by Fielder Capital Group LLC