You can say a lot of things about James Surowiecki One of those things is that he has clearly never shoplifted

James Surowiecki
@JamesSurowiecki
I love Charlie Munger, but this particular argument for why Costco charges membership fees always seemed deeply implausible. What person who's going to regularly steal stuff from a store is unwilling to pay $50 a year for the opportunity to access a cornucopia of consumer goods?

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