The Impact of Home Depot’s Success with Bernie Marcus
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Bernie Marcus is the American legend who co-founded The Home Depot and is one of America’s most generous philanthropists. For the past 10 years, Bernie has been a mentor to PragerU CEO Marissa Streit. During this conversation, Bernie shares his insights on the challenges and opportunities presented by the current business climate.
00:00 – Welcome to Real Talk
1:12 – The American Dream Is Alive and Well
7:06 – Growing Up in a Working Class Family
9:10 – Was Bernie Part of a Gang as a Kid?
11:28 – You Make the Best Out of the Worst
12:51 – Bernie’s Vision for Home Depot
16:45 – From Humble Beginnings to Major Growth
18:18 – “Ask Me, I’m an Owner”
19:09 – Life after Home Depot
19:26 – Surround Yourself with People Smarter than You
21:40 – 40 Years after Its Founding Home Depot’s Model Still Works
23:14 – Customer Service Makes the Difference
25:00 – Millions of People Have Benefitted from the Home Depot
26:41 – Failure Is Not Fatal
27:53 – If You Dwell You’re a Loser
29:28 – Are Young People Losing Pride in Their Work?
32:53 – Capitalism Is Not a Dirty Word
33:31 – Don’t Listen to Idiot Professors
34:48 – Bernie’s Best Advice to Young People
36:54 – Allow Adversity to Make You Stronger
37:15 – Bernie’s Philanthropic Efforts
46:50 – Thanks & Final Thoughts