Sol Price Quotes

“When we didn't know what we were doing, it only took $50,000 to start a business and five years later, when we were really experienced at running FedMart, it took $5 million to open.”

“If you recognize you're really a fiduciary for the customer, you shouldn't make too much money.”

“Fortunately, most of us had backgrounds that were alien to retailing. We didn't know what wouldn't work or what we couldn't do.”

“Our first duty is to our customers. Our second duty is to our employees. Our third duty is to our stockholders.”

“You had a duty to be very, very honest and fair with them and so we avoided sales and advertising. We have in effect said that the best advertising is by our members…the unsolicited testimonial of the satisfied customer.”

“If you recognize you're really a fiduciary for the customer, you shouldn't make too much money.”

“Fortunately, most of us had backgrounds that were alien to retailing. We didn't know what wouldn't work or what we couldn't do.”

“Our first duty is to our customers. Our second duty is to our employees. Our third duty is to our stockholders.”

“You had a duty to be very, very honest and fair with them and so we avoided sales and advertising. We have in effect said that the best advertising is by our members…the unsolicited testimonial of the satisfied customer.”

“When we didn't know what we were doing, it only took $50,000 to start a business and five years later, when we were really experienced at running FedMart, it took $5 million to open.”