Acquired
Charlie Munger
Charlie Munger
Well, I'll tell you what happened there. The first store they tried to open in China, the first store somebody wanted a $30,000 bribe. Chinese culture. And they just wouldn't pay it. And that made such a bad impression on Jim Senegal. He wouldn't even talk to him going into China for about 30 years thereafter. So what changed? Why finally go in?
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