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Charlie Munger @CharlieMunger
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Yeah, if you want to read one book that will demonstrate really shrewd compensation systems in a whole chain of small businesses, read the autobiography of Les Schwab, who had a bunch of tire shops — has a bunch of tire shops — all over the Northwest.

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And he made a huge fortune in one of the world’s really difficult businesses by having shrewd systems. And he can tell you a lot better than we can.

Book Jun, 1986
Les Schwab Pride in Performance: Keep It Going
by Les Schwab
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