Gavin Baker · Sohn Conference Foundation · 15 May 2026
“And people think, oh, that can't be a durable competitive advantage. Well, I was a retail analyst in the year 2005, and I observed all you had to do to create a $50,000,000,000 market cap retailer in America in any category was be able to run 1,000 stores in 50 states”
Verbatim excerpt with a timestamp. The full recording is at the source; we link out and do not host it. Everything Gavin Baker is on record saying.