I don't subscribe much to any of these fancy investing theories, and most people seem surprised to learnthat I've never done much investing in anything except Wal-Mart. I believe the folks who've done thebest with Wal-Mart stock are those who have studied the company, who have understood our strengthsand our management approach, and who, like me, have just decided to invest with us for the long run. 伊人影院蕉久影院在线-亚洲高清自有码中文字 Then we moved on againthis time toColumbia,Missouri. There, atHickmanHigh School, I got involvedin just about everything. I wasn't what you'd call a gifted student, but I worked really hard and made thehonor roll. I was president of the student body and active in a lot of clubsI remember the speech club inparticularand I was voted Most Versatile Boy. I was really a gym rat. I loved hanging around that gymplaying basketball, but I didn't go out for the teammaybe because I was only five nine. When I was asenior, though, they drafted me for the team, and I became a guard, sometimes a starter. I wasn't a greatshot, but I was a pretty good ball handler and a real good floor leader. I liked running the team, I guess. "Several times a year, most stores would have a big sidewalk promotion. In those days, we sold aboutas much merchandise off the sidewalks on weekends as we sold inside the store. You know, we'd ropeoff part of the parking lot, get a band, and have maybe a boatload sale. We would take our boatswesold these John boatsput them up on sawhorses, and dump one item into each boat. We'd put big signsup calling them Boatload Sales. They still have sidewalk promotions today, but not like we once did. Itdoesn't work that well anymore."While all this was going on in the early seventies, Ferold Arend and Ron Mayer and Bob Thornton andmyself were still trying to get a handle on how to distribute to a growing number of stores in these smalltowns off the beaten path. It was one of those things that used to drive me crazy. I was always walkingthrough the warehouse in Bentonville saying, "Where does this go" "Who bought this" "We've got toomuch of that!" Meanwhile, the guys out in the stores would be crying for this stuff, and we couldn't get itout to them. I remember being very nervous when everybody decided we needed to buy our own trucks,but we did it. We had two tractors and four trailers, and the folks in the warehouse got to where theythought we needed four tractors and six trailers. I thought that was pretty extreme. So word would getout that I was coming out to the warehouse, and if they had an extra tractor or trailer sitting idle, theywould haul it around to the other side of the building and hide it so I wouldn't know we had anythingempty.